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BigBloc Construction Limited aims to become a leading player in the AAC blocks and sustainable building materials industry through strategic market expansion and capacity enhancements. The company is focused on innovation, sustainability, and customer satisfaction, with plans to increase production capabilities and introduce new products like AAC panels. A joint venture with SCG International enhances their competitive edge, positioning them to meet growing demand and drive future growth.

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BigBloc Construction Limited

NXT-GEN
OF GROWTH
Annual Report 2023-24
NXT-GEN Welcome to a new
era of growth and

OF GROWTH
success. Welcome to
NXT-GEN OF GROWTH

NXT-GEN OF GROWTH encapsulates our product portfolio but also strengthens our competitive
edge, enabling us to deliver innovative and sustainable
vision of becoming a leading player in construction solutions.
the AAC blocks and sustainable building We are aggressively targeting new markets across India,
materials industry. expanding our geographical footprint. Our strategic
efforts are focussed on deepening our presence beyond
our stronghold in Western India. By penetrating untapped
We are poised for substantial growth, fuelled by strategic regions and establishing a nationwide presence, we aim
initiatives and robust partnerships that position us at the forefront to cater to the diverse needs of the construction industry
of the construction industry. across India, driving growth and increasing our market
share.
Our commitment to growth is evident in our strategic capacity
expansion plans. With the new CAPEX coming on stream, we We are dedicated to enhancing operational efficiency,
are set to significantly increase our production capabilities. fostering innovation through introduction of products
This expansion will not only enhance our market presence but like AAC panels, and delivering unmatched value to
also ensure that we can meet the growing demand for AAC our stakeholders. Our focus on sustainability, customer
blocks and related products across India. Our goal is to become satisfaction, and technological advancement ensures
the largest AAC block manufacturer in the country, and these that we are not just building for today but also laying a
capacity expansions are pivotal to achieving that milestone. strong foundation for the future.
A cornerstone of our growth strategy is our invaluable joint As we embark on this exciting journey, we are confident
venture with SCG International, Thailand's largest cement and that our strategic initiatives and commitment to
building materials company. This collaboration brings together excellence will propel BigBloc Construction to new
the best of both worlds - our deep market insights and SCG's heights. With a clear vision and a robust growth strategy,
technical expertise. Together, we are introducing cutting-edge we are ready to seize the possibilities that lie ahead.
AAC panels to the Indian market, offering superior alternatives to
traditional building materials. This synergy not only expands our
Inside this report
Strategic Review Statutory Reports Financial Highlights

1
(in ₹ Millions)

Company
Overview 307
561 301
2,432
501
2,001

2
Financial Statements
Analytic
Overview

22% 12% 2% FY23

3
Y-o-Y Y-o-Y Y-o-Y FY24
Performance
Revenue EBITDA PAT
Overview Click here to view
more on our website:
www.nxtbloc.in

Forward Looking Statement

In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend
our prospects and make informed investment decisions. This report and other statements - written and oral
- that we periodically make, contain forward-looking statements that set out anticipated results based on
the management’s plans and assumptions. We have tried wherever possible to identify such statements by
using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar
substance in connection with any discussion of future performance.
While we believe our assumptions are prudent, we cannot guarantee the realisation of these forward-
looking statements. Achieving these results is subject to risks, uncertainties, and potential inaccuracies in our
assumptions. If known or unknown risks or uncertainties materialise or underlying assumptions prove inaccurate,
actual results could differ materially from those anticipated, estimated, or projected. Readers should consider
this. We undertake no obligation to publicly update any forward-looking statements due to new information,
future events, or otherwise.
A pioneering leader in the AAC (Aerated Autoclaved
Concrete) blocks, our journey has been marked with
strategic growth since our inception in 2010. Our diverse
product portfolio, including the acclaimed NXTBLOC,
serves a wide array of construction needs with

Company
unparalleled eco-friendliness. Supported by state-of-
the-art manufacturing infrastructure across Gujarat and
Maharashtra, we have an extensive project portfolio,
exceeding 2,000 completed and 1,500 projects in pipeline.

Overview
Trusted by over 100 prestigious real estate developers, we
deliver superior & sustainable building material solutions
that drive the future of responsible construction.
Company Overview Our Profile

BigBloc Construction Limited

Strategic Review
Building a sustainable future
Company Overview
Our Profile
BigBloc Construction Limited is one of India’s largest manufacturers of AAC (Aerated Autoclaved
Our Journey Concrete) blocks. We have quickly emerged as a leader in the sustainable building materials industry
Our Products specialising in high-quality, eco-friendly building materials, with a significant production capacity for
Our Infrastructure
Our Projects
AAC blocks of 1 Million cubic meters (CBM) per annum (PA).

Annual Report 2023-24

Our Clients

Analytic Overview
Brand Overview One of the largest AAC block Our AAC blocks, marketed under the brand name Commitment to sustainability
NXTBLOC, are renowned for their superior quality.
Joint Venture
Our Strengths
players in FY24, set to become These blocks offer an unparalleled blend of strength, BigBloc Construction is dedicated to promoting
green and sustainable building practices. Our vision
lightweight, thermal insulation, soundproofing,
Growth Strategies the largest by FY25. and fire resistance. Made from natural and non- is to aid the construction and infrastructure industry
toxic materials, AAC blocks save energy and are in adopting sustainable materials and eco-friendly
Performance Overview methods. Further, we ourselves are committed to
environmentally friendly, making them the ideal
Letter to Shareholders reducing our carbon footprint, as evidenced by our
choice for sustainable construction.
Key Performance Indicators solar installations at various plants and our efforts
Sustainability at Our Core With the commissioning of our facility to register for carbon credits, signifying our own
Leadership Team under joint venture with Siam Cement Group, journey towards carbon-neutrality.
Management Discussion and Analysis we have also started the production of AAC
panels, besides AAC blocks. Completed a 450-kilowatt solar installation
at the Umargam plant and in the process of
installing a 625-kilowatt solar plant at the
Statutory Reports State-of-the-art manufacturing Wada unit.

Corporate Information
capabilities
Notice We operate 4 state-of-the-art manufacturing units Our legacy
Directors' Report located in Vapi, Kheda and Ahmedabad, in Gujarat;
Originally part of Mohit Industries Limited, BigBloc
and Palghar, in Maharashtra. These facilities are
Business Responsibility & Sustainability Construction was demerged to focus exclusively
Report (BRSR) strategically positioned to cater to key markets
on AAC block production. Mohit Industries, with
Corporate Governance Report as well have proximity to thermal power plants to
a business legacy spanning over 40 years, has a
utilise fly ash, a key raw material.
distinguished history of manufacturing fabrics and
Increasing from 250,000 to 500,000 CBM textured yarns. This rich heritage of quality and
PA, the capacity expansion at Wada, innovation continues to inspire and drive BigBloc
Financial Statements Palghar, would make it the largest single- Construction. With a comprehensive plan to expand
location AAC block plant in India. our capacity and enhance operational efficiency,
Standalone Financial Statements we aim to shape the future of construction in India.
Consolidated Financial Statements
Company Overview Our Profile (Contd.)

BigBloc Construction Limited

Strategic Review
Company Overview
Our Profile
BigBloc snapshot
Our Journey
Our Products
Our Infrastructure

4 1 33%
Our Projects

Annual Report 2023-24

EXISTING CAPACITY

1 Million
Our Clients

Analytic Overview
Brand Overview
OPERATIONAL UPCOMING 3Y REVENUE CAGR
Joint Venture MANUFACTURING MANUFACTURING
Our Strengths CUBIC METRES PER ANNUM FACILITIES EXPANSION
Growth Strategies

Performance Overview

100+ 500+ 66%

Letter to Shareholders ENVISAGED CAPACITY

1.3 Million
Key Performance Indicators
Sustainability at Our Core
Leadership Team
Management Discussion and Analysis REALTORS AS MARQUEE CLIENT TEAM STRENGTH 3Y EBITDA CAGR

CUBIC METRES PER ANNUM

Statutory Reports
Corporate Information
Notice
Directors' Report
Business Responsibility & Sustainability
Among the early entrants in
India for manufacturing AAC
blocks in India
2,000+ 1,500+
PROJECTS PROJECTS IN
Report (BRSR) EXECUTED PIPELINE
Corporate Governance Report

Only Company in the SUPPLY-CHAIN IN

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
AAC industry to generate
carbon credits 9 cities in 4 states
Company Overview Our Profile (Contd.)

BigBloc Construction Limited

Strategic Review
Company Overview

Our values trinity

Our Profile
Our Journey
Our Products
Our Infrastructure
Quality
Our Projects

Annual Report 2023-24

Our Clients At BigBloc, we are dedicated to delivering
Our vision Our mission products and solutions that exemplify excellence.
Analytic Overview We prioritise the development of economical,
To contribute to a safe and To become the most trusted and
Brand Overview environmentally friendly, and healthy housing
sustainable environment through preferred Company for green
Joint Venture across India. By adhering to stringent quality
our commitment towards innovative products and services in India. To
Our Strengths standards, we ensure that our offerings meet and
growth, fuelled by our personal create value for all stakeholders
Growth Strategies exceed customer expectations, contributing to
passion and professional mindset. in our value chain by following the
sustainable and impactful construction practices.
Performance Overview
principle of agile enterprise.
Letter to Shareholders
Key Performance Indicators
Sustainability at Our Core Integrity
Leadership Team At the core of our operations lies a commitment to
Management Discussion and Analysis integrity. We strive to create growth opportunities and
build trust among all employees and stakeholders
in the value chain. By upholding the principles of
an agile enterprise, we foster an environment of
Statutory Reports transparency, fairness, and ethical conduct, fostering
long-lasting relationships built on trust.
Corporate Information
Notice
Directors' Report
Business Responsibility & Sustainability Commitment
Report (BRSR)
Our commitment lies in facilitating the rapid and
Corporate Governance Report sustainable construction of green buildings that
address environmental challenges such as global
warming and carbon footprint. We understand the
imperative of adopting eco-friendly practices to
Financial Statements protect the planet and create a sustainable future.
Through innovation, research, and collaboration,
Standalone Financial Statements we strive to develop construction solutions that
Consolidated Financial Statements minimise environmental impact while delivering
superior results.
Company Overview Our Journey

BigBloc Construction Limited

Strategic Review
Redefining sustainable construction industry
Company Overview
Our Profile
Over the course of 14 years, our journey has been marked by significant milestones, strategic initiatives,
Our Journey and commitment to innovation and sustainability. As we stand at the threshold of new opportunities,
Our Products we remain fuelled by the ambition to redefine the AAC block and building materials industry. Our focus
Our Infrastructure
Our Projects
on quality, sustainability, and customer-centricity will continue to drive our success, shaping the future
of sustainable building materials.

Annual Report 2023-24

Our Clients

Analytic Overview
Brand Overview The early years and laying the foundation
2010-2015
Joint Venture
Our Strengths
Growth Strategies

Performance Overview 2010 2015

Letter to Shareholders
Our journey began in 2010 as a subsidiary In 2015, BigBloc Construction underwent a
Key Performance Indicators
of Mohit Industries Limited, recognising demerger from Mohit Industries, allowing
Sustainability at Our Core the immense potential of AAC blocks in us to streamline operations and focus
Leadership Team revolutionising the construction industry. solely on our core business of AAC block
Management Discussion and Analysis We commercialised our first AAC block manufacturing. This pivotal decision set the
unit in Palghar, Maharashtra, becoming the stage for future growth and innovation.
third manufacturer in India with an annual
capacity of 1,00,000 cubic meters.

Statutory Reports
We commercialised
Corporate Information
Notice
our first AAC block
Directors' Report 2012 unit in Palghar,
Maharashtra
Business Responsibility & Sustainability In 2012, we divested our first
Report (BRSR) manufacturing plant and established
Corporate Governance Report a state-of-the-art facility in Umargaon,
Gujarat. This strategic move enhanced
our production capabilities, setting up a
new unit with an impressive capacity of
3,00,000 cubic meters per annum.
Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Company Overview Our Journey (Contd.)

BigBloc Construction Limited

Analytic Overview
Brand Overview
Joint Venture
Our Strengths
Growth Strategies

Analytic Overview + Ahmedabad

Brand Overview
Joint Venture
Our Strengths
CBM PA CBM PA Rajkot
Kheda

Vadodara
Indore

Growth Strategies
= Bhavnagar

Performance Overview Vapi

Silvassa
Letter to Shareholders
TOTAL CAPACITY POST
Key Performance Indicators EXPANSION

1.3 Million
Sustainability at Our Core Wada
Leadership Team Thane
Pune
Management Discussion and Analysis Mumbai

CBM PA
Statutory Reports
Corporate Information
Operational Facilities Markets Upcoming Facilities
Notice
Directors' Report
Markets catered
Business Responsibility & Sustainability
Report (BRSR)
Existing Upcoming
Corporate Governance Report

Umargaon, Vapi Kapadvanj, Ahmedabad Wada, Palghar Ramosadi, Kheda (JV) Wada, Palghar

Strategic Review
Strong bonds. Stronger buildings.
Company Overview
Our Profile
At BigBloc Construction, our success is reflected in our esteemed clientele across residential, commercial,
Our Journey and hospitality sectors. Our partnerships with leading developers, private corporations, and government
Our Products bodies highlight our commitment to excellence and quality.
Our Infrastructure
Our Projects
Marquee clientele across sectors

Annual Report 2023-24

Our Clients

Analytic Overview
Brand Overview
Joint Venture
Our Strengths
Growth Strategies

Performance Overview
Letter to Shareholders
Key Performance Indicators
Sustainability at Our Core
Leadership Team
Management Discussion and Analysis

Statutory Reports
Realty Construction OEMs Government bodies
Corporate Information We proudly serve some of the most Our collaboration with top-tier Our partnerships extend to Original We have established strong
Notice prestigious names in the real estate construction firms highlights Equipment Manufacturers (OEMs), relationships with government
Directors' Report industry, providing them with our role as a trusted provider of who rely on our high-quality products agencies, supplying materials
Business Responsibility & Sustainability sustainable and innovative building reliable and high-performance for their manufacturing processes. for public infrastructure
Report (BRSR) materials that enhance their construction solutions. We supply Our AAC blocks and panels are projects that require the
Corporate Governance Report projects' quality and efficiency. materials that meet stringent preferred for their precision, strength, highest levels of quality and
Our AAC blocks have been integral industry standards, contributing and sustainability, making them compliance. Our products
to numerous landmark residential to the success of large-scale ideal for integration into a variety of support the development of
and commercial developments, infrastructure projects. construction applications. essential facilities, contributing
Financial Statements ensuring durability and superior to community growth and
performance. sustainability.
Standalone Financial Statements
Consolidated Financial Statements
Company Overview Our Clients (Contd.)

BigBloc Construction Limited

Our Clients By combining SCG’s pioneering spirit with BigBloc’s market acumen, we are poised to deliver superior
Analytic Overview construction solutions, fostering a greener and more resilient future for the Indian construction industry.
Brand Overview
Joint Venture
Our Strengths
Growth Strategies Details of JV
Performance Overview Shareholding structure

52% 48%
Letter to Shareholders
Key Performance Indicators
Sustainability at Our Core
Leadership Team About SCG BIGBLOC
CONSTRUCTION
SCG
INTERNATIONAL
Management Discussion and Analysis
Founded in 1913 by a royal decree
from His Majesty King Rama VI,
SCG has grown into one of the
Project details

Statutory Reports
largest cement and building
material companies in Southeast
Asia. Ranked 2nd in the 2021 Forbes
₹ 891 Millions
VALUE
Corporate Information
list, SCG's diversified portfolio
Notice
includes cement-building materials,
Directors' Report chemicals, and packaging. Listed Ramosadi, Kheda
Business Responsibility & Sustainability on the Stock Exchange of Thailand
Report (BRSR)
since 1975, SCG is a leader in (Ahmedabad, Gujarat)
Corporate Governance Report sustainable development and LOCATION
innovative building solutions. SCG’s

250,000 CBM PA
commitment to excellence has
positioned it as an undisputed
Financial Statements brand leader in the ASEAN region.
CAPACITY
Standalone Financial Statements

Q4FY24
Consolidated Financial Statements

COMMISSIONED
Analytic Overview Joint Venture (Contd.)

BigBloc Construction Limited

Strategic Review
Company Overview
Our Profile
Our Journey Strategic advantages
Our Products
Our Infrastructure
Our Projects
Expanding market presence

Annual Report 2023-24

Our Clients
By merging our resources and
Analytic Overview expertise, we are poised to thrive in the
Brand Overview dynamic Indian construction & building
Joint Venture materials market. This collaboration
Our Strengths unlocks new synergies, giving us
Growth Strategies access to a broader customer base
and expanding our market reach.
Performance Overview
Letter to Shareholders
Key Performance Indicators Leveraging technical expertise
Sustainability at Our Core SCG’s rich legacy in producing AAC
Leadership Team panels complements our proficiency in
Management Discussion and Analysis AAC block manufacturing. This synergy
fosters an environment for learning
and sharing best practices, leading
to enhanced production capabilities,
Statutory Reports improved product quality, and innovative
solutions for the Indian market.
Corporate Information
Notice
Directors' Report Pioneering Introducing Product offerings at
Business Responsibility & Sustainability market entry innovation a global platform
Report (BRSR)
This JV facilitates SCG’s successful The JV accelerates the introduction Through this JV, we leverage SCG’s
Corporate Governance Report entry into the burgeoning Indian of cutting-edge, sustainable building extensive network and techno-
building materials market, fostering materials in India. SCG’s experience in commercial knowledge expertise,
a dynamic exchange of expertise manufacturing AAC panels, coupled enhancing our growth prospects and
and technology between India and with BigBloc’s market insights and establishing our products on a global
Financial Statements Thailand. This mutually beneficial distribution network, creates the perfect platform. It not only broadens our
collaboration enables both countries platform to showcase innovative product portfolio, but also significantly
Standalone Financial Statements to harness each other’s strengths, solutions to the Indian construction amplifies our growth trajectory.
Consolidated Financial Statements driving economic growth, innovation, industry.
and sustainable development in the
construction industry.
Analytic Overview Our Strengths

BigBloc Construction Limited

Strategic Review
Leveraging strengths. Achieving objectives.
Company Overview
Our Profile
At BigBloc, we embrace the challenges and opportunities that come with our unique value proposition in
Our Journey the construction industry. As we navigate the path of differentiation and growth, we are backed by a set
Our Products of distinct strengths that shape our identity and propel us toward achieving our strategic objectives.
Our Infrastructure
Our Projects By leveraging these strengths, we are well-positioned to continue our journey of growth and innovation,

Annual Report 2023-24

Our Clients delivering superior value to our customers and stakeholders while championing sustainability in the
Analytic Overview construction industry.
Brand Overview
Joint Venture
Our Strengths
Growth Strategies

Performance Overview
01 Sustainable
manufacturing facilities 03 Seamless
logistics 05 Sales & distribution
strength
We are the first Company in India to register With our fleet of over 72-75 trucks, we Our robust sales and distribution network is a testament
Letter to Shareholders and operate plants under the carbon credit have established a reliable and efficient to our market strength. We cater to developers,
Key Performance Indicators registry. Currently generating approximately transportation system. This enables us to secure cement companies like ACC and Ambuja, government
Sustainability at Our Core 50,000 to 60,000 carbon credits annually, we orders and ensure timely delivery of supplies, bodies such as CIDCO, and large projects like Lodha
Leadership Team have the potential to reach a cumulative of enhancing our supply chain operations and Palava. Our distribution network is supported by direct
Management Discussion and Analysis 150,000 to 200,000 units after our planned customer satisfaction. Presently, the Company- marketing, a wide network of reliable distributors, and
capacity expansion. Our commitment to owned fleet caters to approximately 30-35% a comprehensive credit profiling system for customers.
sustainable practices aligns with our vision of of our transportation needs, ensuring that our With a dedicated Direct Developer Relationship Team,
environmentally responsible construction. products reach our clients without delay. we maintain strong connections with more than 50% of
Statutory Reports the top seven developers in Mumbai.

Corporate Information

02 04
Notice
Marquee Reliable
Directors' Report
JV partner expertise
Business Responsibility & Sustainability
Report (BRSR)
Our strategic joint venture with SCG, Thailand’s At BigBloc, we are privileged to have a highly
Corporate Governance Report largest cement and building materials company, experienced team of professionals who possess
provides us with a significant advantage. deep expertise in establishing greenfield plants,
This partnership allows us to leverage SCG’s modernising and revamping existing facilities,
technical expertise and resources to introduce and successfully turning around sick units. Their
Financial Statements sustainable and innovative building materials strategic acumen and operational know-how
into the Indian market. By combining our ensure seamless operations and maintenance
Standalone Financial Statements strengths, we accelerate our growth and work of our manufacturing assets, driving our
Consolidated Financial Statements towards strengthening our position within the continuous growth and innovation.
Indian AAC block market, which still holds a lot
of untapped potential.
Analytic Overview Growth Strategies

BigBloc Construction Limited

Strategic Review
Building for tomorrow
Company Overview
Our Profile
Our Journey
Our Products
Our Infrastructure
Our commitment to becoming the Here’s how we plan to achieve this:
leading AAC Block manufacturer in
01 02
Our Projects

Annual Report 2023-24

Our Clients India guides our strategic priorities. Penetrating Modernising manufacturing
new markets facilities and CAPEX
Analytic Overview By leveraging our strengths and
Brand Overview opportunities, we aim to expand our
Joint Venture
Our Strengths
presence across multiple locations
Growth Strategies and diversify our product portfolio,
Performance Overview
thereby driving substantial revenue
Letter to Shareholders
growth.
Key Performance Indicators
Sustainability at Our Core
Leadership Team
Management Discussion and Analysis

Statutory Reports
Corporate Information
Notice
Directors' Report
Business Responsibility & Sustainability To meet the growing demand for AAC blocks, To keep pace with the rising demand for AAC
Report (BRSR) we are actively targeting new markets blocks, we have embarked on significant CAPEX
Corporate Governance Report across India. While Western India remains our projects. Our current Wada facility is being
stronghold, we are also exploring opportunities overhauled and modernised. These efforts will
in other markets to cater to the increasing increase our manufacturing capacity from
demand for sustainable construction materials. 1 Million CBM PA to 1.3 Million CBM PA, making us
Financial Statements the largest AAC block manufacturer in India.

Standalone Financial Statements

Consolidated Financial Statements
Analytic Overview Growth Strategies (Contd.)

BigBloc Construction Limited

Strategic Review
Company Overview
Our Profile
Our Journey

03 04 05
Our Products
Our Infrastructure Expanding Growing Increasing
Our Projects distribution networks customer base product portfolio

Annual Report 2023-24

Our Clients

Analytic Overview
Brand Overview
Joint Venture
Our Strengths
Growth Strategies

Performance Overview
Letter to Shareholders
Key Performance Indicators
Sustainability at Our Core
Leadership Team
Management Discussion and Analysis

Statutory Reports
Corporate Information
Notice To diversify our sales channels, we are shifting We are dedicated to enhancing our customer Building on our expertise in the building materials
Directors' Report our focus beyond institutional sales to include the base in Western India, where we already industry, we are expanding our product offerings
Business Responsibility & Sustainability
retail sector. We plan to organise dealer meets leverage significant customer relationships. By beyond AAC blocks. We plan to introduce and grow
Report (BRSR) to generate better product awareness and focussing on customer satisfaction and building new products such as AAC panels, block jointing
Corporate Governance Report expand our dealer network. Through targeted long-term partnerships, we aim to solidify our mortar, tile adhesives, gypsum plaster, and other
marketing activities and strategic advertising, we position as a preferred supplier in the region. construction material & chemicals. This diversification
aim to establish a robust network of dealers and will enable us to provide customers with a
distributors, enhancing our market reach and comprehensive range of construction materials,
Financial Statements customer engagement. establishing ourselves as a trusted one-stop solution
provider in the industry.
Standalone Financial Statements
Consolidated Financial Statements
BigBloc Construction Limited
30

Strategic Review
Company Overview
Our Profile
Our Journey

Perform-
Our Products
Our Infrastructure
Our Projects

Annual Report 2023-24

Our Clients

ance
Analytic Overview
Brand Overview
Joint Venture
Our Strengths
Growth Strategies

Performance Overview

Overview
Letter to Shareholders
Key Performance Indicators
Sustainability at Our Core
Leadership Team
Management Discussion and Analysis

Our Clients

Analytic Overview
Brand Overview
Joint Venture Revenue from EBITDA EBITDA PAT PAT
Our Strengths
Operations (in ₹ Millions)
Margins (in ₹ Millions)
Margins
Growth Strategies
(in ₹ Millions) (in %) (in %)
Performance Overview
Letter to Shareholders
Key Performance Indicators

561

307
25.04
2,432

15.04
301
Sustainability at Our Core
Leadership Team

23.07
501
Management Discussion and Analysis

12.62
2,001

Statutory Reports
1,752

Corporate Information

15.47

9.19
Notice
Directors' Report

161
Business Responsibility & Sustainability
271

11.84
Report (BRSR)
1,030

Corporate Governance Report

Financial Statements
122

2.43
Standalone Financial Statements
Consolidated Financial Statements

25
FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24
Performance Overview Key Performance Indicators (Contd.)

BigBloc Construction Limited

Strategic Review
Company Overview
Our Profile
Our Journey
Our Products
Our Infrastructure
Our Projects

Annual Report 2023-24

Our Clients

Analytic Overview
Brand Overview
Joint Venture Earnings Per Sales Net Debt ROE ROCE
Our Strengths
Share (EPS) Volume to Equity (in %) (in %)
Growth Strategies
(in ₹) (in CBM) (in times)
Performance Overview
Letter to Shareholders
Key Performance Indicators

6,00,149

1.7

30.26
39.04
4.36
4.28
Sustainability at Our Core
Leadership Team
Management Discussion and Analysis

34.26

26.53
4,97,644

4,61,967

1.3
Statutory Reports

28.27

21.38
1.1
Corporate Information

3,74,513
Notice
Directors' Report

0.9
2.27

Business Responsibility & Sustainability

Report (BRSR)
Corporate Governance Report

Our Clients decisions. As an Independent Director and a qualified
Chartered Accountant, he provides valuable insights for our General Manager (Marketing), Gujarat Region
Analytic Overview betterment, ensuring financial prudence in our operations.
With over 22 years of experience in marketing and selling building
Brand Overview
materials, Mr. Shailendra Vartiya works as the General Manager of
Joint Venture
Marketing for the Gujarat Region at BigBloc.
Our Strengths
Growth Strategies Ms. Samiksha Nandwani
Non-Executive Independent Director Mr. Gautam Maity
Performance Overview
General Manager - Umargaon
Letter to Shareholders With more than a decade of experience in merchandising and
Key Performance Indicators marketing, Ms. Samiksha Nandwani enriches our marketing With over 26 years of experience as a Commercial Manager,
Sustainability at Our Core strategies. As a Non-Executive Independent Director, she Mr. Gautam Maity specialises in coordinating with commercial
Leadership Team brings valuable expertise in marketing, further strengthening teams and managing logistics. At BigBloc, he manages logistics
Management Discussion and Analysis our market position. for the Umargaon plant.

Mr. Tejas Dhoot

Statutory Reports Mr. Dishant Jariwala Senior Executive
Non-Executive Independent Director With over 17 years of experience in managing plant administration,
Corporate Information
Mr. Tejas Dhoot is responsible for supervising production-related
Notice With a background in chemical engineering, textiles and
tasks, including planning, control, and troubleshooting. He also
Directors' Report jewellery designing, Mr. Dishant Jariwala significantly
streamlines processes and coordinates plant activities to ensure
contributes to our graphic designing and publishing system
Business Responsibility & Sustainability strategic utilisation of resources. He holds an MBA in Marketing from
Report (BRSR) team. As a Non-Executive Independent Director, he ensures
Gujarat University and has worked with HDFC and DLF in the past.
Corporate Governance Report innovative design solutions and holds a Bachelor’s degree in
Chemical Engineering from SCET Engineering College.
Mr. Shamsher Kumar Pal
Senior Sales Manager - Mumbai Region
Financial Statements
With over 15 years of experience in marketing and selling building
Standalone Financial Statements materials, Mr. Shamsher Pal works as the Senior Sales Manager
Consolidated Financial Statements
for the Mumbai Region at BigBloc. He holds a Bachelor’s degree in
Arts from Nainital University and has previously worked with ICICI.
BigBloc Construction Limited
39

Performance Overview Debt Service Coverage 3.68 3.03 -17.55% -

Letter to Shareholders
Key Performance Indicators
Sustainability at Our Core Trade Receivables Turnover 6.07 4.37 -28.07% Change in ratio is due to decrease in revenue and increase in debtors during the year.
Leadership Team
Management Discussion and Analysis
Inventory Turnover 17.77 12.33 -30.61% Change in ratio is due to decrease in revenue and increase in inventory during the year.

Statutory Reports Return on Equity 35.88% 19.64% -45.25% The change in ratio is because of a decrease in profitability during the year.

Corporate Information
Notice Net Profit Ratio 14.10% 10.32% -26.78% The change in ratio is due to a decrease in profitability during the year.
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Trade Payables Turnover 9.16 9.31 1.65% -
Corporate Governance Report

Net Working Capital Turnover 27.34 130.43 377.08% Change in ratio is due to a decrease in revenue and net working capital during the year.

Statutory Reports 2. Members are encouraged to join the Meeting through Laptops for
4. In terms of SEBI circular dated 9th December, 2020 on e-Voting facility provided
better experience.
by Listed Companies, Individual shareholders holding securities in demat mode
Corporate Information are allowed to vote through their demat account maintained with Depositories
3. Further Members will be required to allow Camera and use Internet with a good
Notice and Depository Participants. Shareholders are required to update their mobile
speed to avoid any disturbance during the meeting.
Directors' Report number and email ID correctly in their demat account in order to access
Business Responsibility & Sustainability e-Voting facility.
Report (BRSR) 4. Please note that Participants Connecting from Mobile Devices or Tablets or
through Laptop connecting via Mobile Hotspot may experience Audio/Video
Corporate Governance Report THE INSTRUCTIONS FOR MEMBERS FOR E-VOTING ON THE DAY OF THE loss due to Fluctuation in their respective network. It is therefore recommended
AGM ARE AS UNDER: to use Stable Wi-Fi or LAN Connection to mitigate any kind of aforesaid glitches.
1. The procedure for e-Voting on the day of the AGM is same as the instructions
mentioned above for remote e-Voting. 5. Shareholders who would like to express their views/have questions may send
Financial Statements their questions in advance mentioning their name demat account number/
folio number, email id, mobile number at [email protected]. The
Standalone Financial Statements
same will be replied by the Company suitably.
Consolidated Financial Statements
Annexure to the Notice

BigBloc Construction Limited

Explanatory statement setting out material facts under Section 102 of the Companies Act, 2013
Strategic Review
Company Overview
ITEM NO. 4: TO INCREASE IN AUTHIORISE CAPITAL: The Board of Directors of the Company at their meeting held on 19th July, 2024, has
The present Authorised Share Capital of the Company is `15,00,00,000/- (Rupees recommended the issue of Bonus shares in the ratio of 1:1 i.e. 1 bonus equity shares
Our Profile of `10/- each at par fully paid up for every 1 fully paid up equity share held by the
Our Journey
Fifteen Crores only) divided into 7,50,00,000 (Seven Crores Fifty Lakhs only) Equity
Shares of `2/- each. Due to issue of Bonus shares, Company need to increase its Members subject to approval of the members and such other authorities as may
Our Products
authorized capital. be necessary.
Our Infrastructure
Our Projects In case of fractional shares, if any, arising out of the issue and allotment of the

Annual Report 2023-24

It is proposed to increase the Authorised Share Capital of the Company to
Our Clients
`30,00,00,000/- (Rupees Thirty Crores only) divided into 15,00,00,000 (Fifteen Crores said bonus equity shares, it is proposed to authorize the Board to make suitable
only) Equity Shares of `2/- each. arrangements to deal with such fractions for the benefit of the eligible Members,
Analytic Overview including but not limited to, allotting the total number of new equity shares
Brand Overview representing such fractions to a Committee/person(s) to be appointed by the Board
Joint Venture The Board recommends the passing of this Resolution at Item No. 4 of the
of Directors who would hold them in trust for such Members and shall, as soon as
accompanying Notice in the interest of the Company.
Our Strengths possible, sell such equity shares at the prevailing market price and the net sale
Growth Strategies proceeds of such equity shares, after adjusting the cost and the expenses in respect
None of the Director, Key Managerial Personnel, or their respective relatives are, in thereof, be distributed among such Members who are entitled to such fractions in
Performance Overview any way, concerned or interested, financially or otherwise, in the said resolution. proportion of their respective fractional entitlements.
Letter to Shareholders
Key Performance Indicators The Board recommends this Resolution for Members approval. The record date for determining the eligibility of the members to receive the said
Sustainability at Our Core bonus shares will be fixed by the Board of Directors.
Leadership Team ITEM NO. 5: TO ISSUE BONUS EQUITY SHARES:
Management Discussion and Analysis The Board of Directors recommends the passing of Item No. 5 of the Notice as a
The Board of Directors at its meeting held on 22nd July, 2024 considered, approved
and recommended a bonus issue of 1 (One) equity shares for every 1 (One) equity Special Resolution with the approval of the Members.
share held as on the ‘record date’, to be determined by the Board, by capitalizing a
part of the amount standing to the credit of general reserves and/or the securities None of the promoters, Directors, managers, key managerial personnel of
Statutory Reports premium account and/or retained earnings as may be considered appropriate the Company or their relatives are interested in the resolution(s) No. 5 of the
by the Board of the Company. The Company has free distributable Reserves and accompanying Notice except to the extent of their shareholding in the Company,
Corporate Information Securities Premium amounting to `4,633.37/- Lakhs as on 31st March, 2024 as per if any.
Notice Audited Financial Statements and the amount as required for capitalization for
Directors' Report the Bonus Issue be applied from general reserves and/or the securities premium
Business Responsibility & Sustainability account for issuance of fully paid up bonus shares in the ratio 1:1.
Report (BRSR)
Corporate Governance Report

For Bigbloc Construction Limited

Financial Statements
Sd/-
Standalone Financial Statements Place: Surat Alpesh Makwana
Consolidated Financial Statements Date: 22nd July, 2024 Company Secretary
Annexure I to the Notice

BigBloc Construction Limited

DISCLOSURE PURSUANT TO REGULATION 36 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015,
Strategic Review RELATING TO DIRECTORS SEEKING APPOINTMENT/RE-APPOINTMENT AT THE ANNUAL GENERAL MEETING
Company Overview
Particulars Mr. Narayan Sitaram Saboo
Our Profile
Our Journey Date of Birth 12/12/1961
Our Products Date of First Appointment 17/06/2015
Our Infrastructure
Expertise in Specific General Functional Area • He has 36 years of experience in management and operation of Textile Business and 12 years of experience
Our Projects
in AAC Block Business.

Annual Report 2023-24

Our Clients
• Providing industry wise leadership and Management strategy are his key area of expertise.
Analytic Overview
Brand Overview • He is the co-founder and Managing Director of Mohit Industries Limited and invaluable contribution in the
Joint Venture growth of Company.
Our Strengths
Growth Strategies • He is actively associated with various social welfare and charitable trusts. He is also member of Surat Textile
Association.
Performance Overview Qualification Bachelor of Laws (LLB)
Letter to Shareholders
Key Performance Indicators
Directorship held in other Public and Private 1. Mohit Industries Limited
Companies
Sustainability at Our Core 2. Bigbloc Construction Limited
Leadership Team
3. Mask Investment Limited
Management Discussion and Analysis
Membership/Chairmanship of Committees of other Membership at Mohit Industries Limited: Stakeholders Relationship Committee, Audit Committee
Listed Companies
Membership at Mask Investments Limited: Nomination and remuneration committee
Statutory Reports No. of Shares held in the Company 58,44,105 Equity Shares

Corporate Information
Relationship between Directors inter-se Mr. Narayan Saboo, Director of the Company is the Father of Mr. Mohit Saboo, Director & CFO of the Company
and Brother of Mr. Naresh Saboo, Managing Director of the Company.
Notice
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Directors’ Report

BigBloc Construction Limited

To,
The Members,
Strategic Review Bigbloc Construction Limited

Company Overview Your Directors have pleasure in presenting the 9th Annual Report together with the Audited Financial Statements for the year ended 31st March, 2024.
Our Profile
Our Journey
1) FINANCIAL SUMMARY AND STATE OF COMPANY’S AFFAIRS
Our Products
Our Infrastructure (₹ in Lakhs except EPS)
Our Projects Particulars Standalone Consolidated

Annual Report 2023-24

Our Clients
Year ended Year ended Year ended Year ended
Analytic Overview 31st March, 2024 31st March, 2023 31st March, 2024 31st March, 2023
Brand Overview Revenue from operations 10,687.33 11,382.75 24,322.13 20,010.61
Joint Venture
Other income 358.30 126.86 414.45 82.97
Our Strengths
Growth Strategies Profit Before Interest & Depreciation 2,410.77 2,756.90 6,029.67 5,083.49
(-) Finance Cost 453.31 244.97 884.26 415.81
Performance Overview
Letter to Shareholders (-) Depreciation 474.71 378.90 1,034.22 608.02
Key Performance Indicators Profit before tax & Exceptional items 1,482.75 2,133.02 4,111.19 4,059.67
Sustainability at Our Core
(+) Exceptional Items 0 0 0 0
Leadership Team
Management Discussion and Analysis
Profit Before Tax 1,482.75 2,133.02 4,111.19 4,059.67
(-) Tax Expense 379.70 528.62 1,042.36 1,046.09
Profit for the year after tax 1,103.05 1,604.41 3,068.83 3,01,357.73

Statutory Reports Earnings Per Share (Basic & Diluted) (in ₹) 1.56 2.27 4.36 4.28

Corporate Information The Standalone Gross Revenue from operations for FY 2023-24 was ₹10,687.33 Lakhs (Previous Year: ₹11,382.75 Lakhs). The Operating Profit stood at ₹1,482.75 Lakhs as against
Notice ₹2,133.02 Lakhs in the Previous Year. The Net Profit for the year stood at ₹1,103.05 Lakhs against a Profit of ₹1,604.41 Lakhs reported in the Previous Year.
Directors' Report
Business Responsibility & Sustainability
The Consolidated Gross Revenue from operations for FY 2023-24 was ₹24,322.13 Lakhs (Previous Year: ₹20,010.61 Lakhs). The Consolidated Operating Profit stood at
Report (BRSR) ₹4,111.19 Lakhs (Previous Year: ₹4,059.67 Lakhs). The Consolidated Profit after tax stood at ₹3,068.83 Lakhs (Previous Year: ₹30,13,57.73 Lakhs).
Corporate Governance Report
There were no material events that had an impact on the affairs of your Company. There is no change in the nature of your Company’s business during the year
under review.

For and on behalf of the Board

Statutory Reports For Bigbloc Construction Limited
Corporate Information
Notice Sd/-
Directors' Report Narayan Saboo
Business Responsibility & Sustainability
Place: Surat Chairman
Report (BRSR) Date: 22nd July, 2024 DIN: 00223324
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Annexure A

BigBloc Construction Limited

Form No. MR-3

Secretarial Audit Report
Strategic Review
For the Financial Year Ended 31st March, 2024
Company Overview [Pursuant to Section 204(1) of the Companies Act, 2013 and Rule No. 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]
Our Profile
Our Journey
Our Products To, (iv) Foreign Exchange Management Act, 1999 and the Rules and Regulations
Our Infrastructure The Members, made thereunder to the extent of Foreign Direct Investment, Overseas
Our Projects BIGBLOC CONSTRUCTION LIMITED, Direct Investment and External Commercial Borrowings;

Annual Report 2023-24

Our Clients Office No. 908, Rajhans Montessa,
Dumas Road, Magdalla, Surat There are no events occurred during the year which attracts provisions of
Analytic Overview Choryasi Gujarat-395007 India, these Act, Rules and Regulations and hence not applicable.
Brand Overview
Joint Venture We have conducted the secretarial audit of the compliance of applicable (v) The following Regulations and Guidelines prescribed under the Securities
Our Strengths statutory provisions and the adherence to good corporate practices by BIGBLOC and Exchange Board of India Act, 1992 (‘SEBI Act’) to the extent applicable
Growth Strategies CONSTRUCTION LIMITED (hereinafter called the Company). Secretarial Audit was to the Company:
conducted in a manner that provided us a reasonable basis for evaluating the
Performance Overview corporate conducts/statutory compliances and expressing our opinion thereon. a. The Securities and Exchange Board of India (Substantial Acquisition of
Letter to Shareholders Shares and Takeovers) Regulations, 2011;
Key Performance Indicators Based on our verification of the books, papers, minute books, forms and returns
Sustainability at Our Core filed and other records maintained by the Company and also the information b. The Securities and Exchange Board of India (Prohibition of Insider
Leadership Team and representation provided by the Company, its officers, agents and authorized Trading) Regulations, 2015;
Management Discussion and Analysis representatives during the conduct of secretarial audit, we hereby report that, in our
opinion, the Company has, during the audit period covering the financial year ended c. The Securities and Exchange Board of India (Issue of Capital and
on 31st March, 2024, complied with the statutory provisions listed hereunder and also Disclosure Requirements) Regulations, 2009; There are no events
that the Company has proper Board-processes and compliance-mechanism in occurred during the year which attracts provisions of these Act, Rules
Statutory Reports place to the extent, in the manner and subject to the reporting made hereinafter: and Regulations and hence not applicable;

1. We have examined the books, papers, minute books, forms and returns filed There are no events occurred during the year which attracts provisions
Corporate Information
and other records maintained by the Company for the financial year ended on of these regulations hence not applicable.
Notice
31st March, 2024 according to the provisions of:
Directors' Report
(i) The Companies Act, 2013 (the Act) and the Rules made there under; d. The Securities and Exchange Board of India (Employees Stock Option
Business Responsibility & Sustainability
Report (BRSR) Scheme and Employee Stock Purchase Scheme) Guidelines, 1999;
Corporate Governance Report (ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the Rules made
there under; There are no events occurred during the year which attracts provisions
of these regulations hence not applicable.
There are no events occurred during the year which attracts provisions of
Financial Statements these Act, Rules and Regulations and hence not applicable. e. The Securities and Exchange Board of India (Issue and Listing of
Debt Securities) Regulations, 2008; There are no events occurred
Standalone Financial Statements (iii) The Depositories Act, 1996 and the Regulations and Bye-laws framed during the year which attracts provisions of these regulations
Consolidated Financial Statements thereunder; hence not applicable;
Annexure A

BigBloc Construction Limited

Annual Report 2023-24

Annual Report 2023-24

Our Clients (iii) Excess amount spent for the Financial Year [(ii)-(i)] 0.11
(iv) Surplus arising out of the CSR projects or programs or activities of the previous Financial Years, if any Nil
Analytic Overview
Brand Overview
(v) Amount available for set off in succeeding Financial Years [(iii)-(iv)] 0.11
Joint Venture
Our Strengths 7) DETAILS OF UNSPENT CORPORATE SOCIAL RESPONSIBILITY AMOUNT FOR THE PRECEDING THREE FINANCIAL YEARS: Not Applicable
Growth Strategies
Sr. Preceding Amount Balance Amount Amount Spent in Amount transferred to a Fund as Amount Deficiency, if any
Performance Overview No. Financial Year(s) transferred to in Unspent CSR the Financial Year specified under Schedule VII as per remaining to
Letter to Shareholders
Unspent CSR Account under (₹ in Lakhs) second proviso to sub-section (5) of be spent in
Account under sub-section (6) of Section 135, if any succeeding
Key Performance Indicators
sub-section (6) of Section 135 Amount Date of Transfer Financial Years
Sustainability at Our Core
Section 135 (₹ in Lakhs) (₹ in Lakhs)
Leadership Team
(₹ in Lakhs)
Management Discussion and Analysis
1. N/A N/A N/A N/A N/A N/A N/A N/A

8) WHETHER ANY CAPITAL ASSETS HAVE BEEN CREATED OR ACQUIRED THROUGH CORPORATE SOCIAL RESPONSIBILITY AMOUNT SPENT IN THE
Statutory Reports FINANCIAL YEAR: No
Corporate Information
9) SPECIFY THE REASON(S), IF THE COMPANY HAS FAILED TO SPEND TWO PERCENT OF THE AVERAGE NET PROFIT AS PER SUB-SECTION (5) OF
Notice
Directors' Report
SECTION 135: Not Applicable
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report
For and on behalf of the Board of Directors
Bigbloc Construction Limited

Our Clients 2 Other than Permanent (E) 0 0 0.00% 0 0.00% 0 0.00%
3 Total differently abled employees (D + E) 0 0 0.00% 0 0.00% 0 0.00%
Analytic Overview
Brand Overview Differently abled Workers
Joint Venture 4 Permanent (F) 0 0 0.00% 0 0.00% 0 0.00%
Our Strengths
5 Other than Permanent (G) 0 0 0.00% 0 0.00% 0 0.00%
Growth Strategies
6 Total differently abled workers (F + G) 0 0 0.00% 0 0.00% 0 0.00%
Performance Overview
Letter to Shareholders 22. Participation/Inclusion/Representation of women:
Key Performance Indicators
Sustainability at Our Core
Total No. and percentage of Females
(A) No. (B) % (B/A)
Leadership Team
Management Discussion and Analysis Board of Directors 6 1 16.67%
Key Management Personnel 1 0 0.00%

Statutory Reports 23. Turnover rate for permanent employees and workers:

Turnover rate in current Turnover rate in previous Turnover rate in the year prior to the
Corporate Information
FY (2023-24) FY (2022-23) previous FY (2021-22)
Notice
Directors' Report
Male Female Other Total Male Female Other Total Male Female Other Total
Business Responsibility & Sustainability Permanent Employees 40.13% 66.67% 0.00% 53.40% 40.72% 60.00% 50.36% 0.00% 71.32% 71.43% 0.00% 71.38%
Report (BRSR)
Permanent Workers 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
V. Holding, Subsidiary and Associate Companies (including joint ventures
Company Overview
24. (a) Names of holding/subsidiary/associate companies/joint ventures:
Our Profile
Our Journey Sr. Name of the holding/subsidiary/ Indicate whether holding/Subsidiary/ % of shares held by Does the entity indicated in column A
Our Products No. associate companies/joint ventures Associate/Joint Venture listed entity participate in the Business Responsibility
Our Infrastructure (A) initiatives of the listed entity? (Yes/No)
Our Projects 1. Starbigbloc Building Material Subsidiary 100.00% Yes

Annual Report 2023-24

Our Clients Private Limited
Analytic Overview 2. Bigbloc Building Elements Subsidiary 99.99% Yes
Brand Overview
Private Limited
Joint Venture 3. Siam Cement Big Bloc Construction Joint Venture 52.00% No
Our Strengths Technologies Private Limited
Growth Strategies
VI. CSR Details
Performance Overview
Letter to Shareholders
25. (i) Whether CSR is applicable as per Section 135 of Companies Act, 2013: (Yes/No) - Yes
Key Performance Indicators (ii) Turnover (in ₹): ₹ 1068733077.58 (FY 2023-24)
Sustainability at Our Core
(iii) Net worth (in ₹): ₹ 604912585.56 (FY 2023-24)
Leadership Team
Management Discussion and Analysis
VII. Transparency and Disclosures Compliances
26. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:

Statutory Reports Stakeholder group from Grievance Redressal FY 2023-24 FY 2022-23

whom complaint is Mechanism in Place (Yes/ No. of complaints No. of complaints Remarks No. of complaints No. of complaints Remarks
Corporate Information received No) (If yes, then provide filed during the pending filed during the pending
Notice
web- link for grievance year resolution at year resolution at
redress policy) close of the year close of the year
Directors' Report
Business Responsibility & Sustainability Communities Yes 0 0 0 0 0 0
Report (BRSR)
Investors (other than Yes 0 0 0 0 0 0
Corporate Governance Report
shareholder)
Shareholder Yes 0 0 0 0 0 0
Employees and workers Yes 0 0 0 0 0 0
Financial Statements
Customers Yes 0 0 0 0 0 0
Standalone Financial Statements Value Chain Partners Yes 0 0 0 0 0 0
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
27. Overview of the entity’s material responsible business conduct issues:
Company Overview
Please indicate material responsible business conduct and sustainability issues on environmental and social matters that present a risk or an opportunity to your business,
Our Profile
rationale for identifying the same, and approach to adapt or mitigate the risk along with its financial implications: As Mentioned in Management Discussion and Analysis
Our Journey of the Annual Report.
Our Products
Our Infrastructure
Our Projects

Annual Report 2023-24

Our Clients

Analytic Overview
SECTION B: MANAGEMENT AND PROCESS DISCLOSURES
Brand Overview
This Section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC Principles and Core Elements. We
Joint Venture
have implemented following policies towards adopting National Guidelines on Responsible Business Conduct (NGRBC):
Our Strengths
Growth Strategies

Performance Overview Principle P1: Transparency & Accountability Principle P2: Product Responsibility Principle P3: Employee Development
Letter to Shareholders • Code of Conduct • Sourcing Policy • Code of Business Conduct & Ethics Policy
Key Performance Indicators • Whistle Blower Policy • Food Safety Management System • Anti-Sexual Harassment Policy
Sustainability at Our Core • Code of conduct for board of directors and • Equal Opportunity Policy
Leadership Team senior management personnel
Management Discussion and Analysis
• Policy on board diversity
• Policy of related party transactions

Statutory Reports
Principle P4: Stakeholder Engagement Principle P5: Human Rights Principle P6: Environment Principle
Corporate Information
• Corporate Social Responsibility Policy • Human Rights Policy • EHS Policy
Notice
Directors' Report • Charter of the Stakeholders’ Relationship • Anti-Sexual Harassment Policy
Committee • Equal Opportunity Policy
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Principle P7: Public Advocacy Principle P8: Inclusive Growth Principle P9: Customer Value
• Public Advocacy Policy • Corporate Social Responsibility Policy • Guest Satisfaction Index
Financial Statements • Data Privacy Policy
• Information Security Policy
Standalone Financial Statements
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
Company Overview
Policy and management processes
Our Profile
Our Journey 1. a. Whether your Yes Yes Yes Yes Yes Yes Yes Yes Yes
entity’s policy/
Our Products
policies cover each
Our Infrastructure principle and its
Our Projects core elements of

Annual Report 2023-24

Our Clients the NGRBCs?
(Yes/No)
Analytic Overview b. Has the policy Yes N/A Yes Yes Yes N/A N/A Yes Yes
Brand Overview been approved by
the Board?
Joint Venture
(Yes/No)
Our Strengths
c. Web Link* of the
Growth Strategies https://www.nxtbloc.in
Policies, if available

Performance Overview 2. Whether the entity has Yes N/A N/A No Yes N/A No Yes Yes
translated the policy
Letter to Shareholders
into procedures?
Key Performance Indicators (Yes/No)
Sustainability at Our Core
3. Do the enlisted policies No N/A No No Yes N/A Yes No Yes
Leadership Team extend to your value
Management Discussion and Analysis chain partners?
(Yes/No)
4. Name of the national
and international codes/
Statutory Reports certifications/labels/
standards (e.g. Forest
Stewardship Council,
Corporate Information Fairtrade, Rainforest
ISO 9001:2015, IGBC Certificate
Notice Alliance, Trustee)
Directors' Report standards (e.g. SA
8000, OHSAS, ISO, BIS)
Business Responsibility & Sustainability adopted by your entity
Report (BRSR) and mapped to each
Corporate Governance Report principle.

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
Company Overview
5. Specific commitments, As such there The Company The Company Commitment Zero non- To promote the To enable a Ensure need Timely resolution
Our Profile
goals and targets set by are no specific itself is in the has taken to addressing compliance. use of AAC Blocks sustainable built basis community of Consumer
Our Journey the entity with defined commitments; business of accident concerns and and to contribute environment for programmes at Complaints.
Our Products timelines, if any. though the manufacturing insurance of grievances of to Sustainable all and facilitate each operational
Our Infrastructure Company strives of AAC Block employees, stakeholders. Environment. India to be one locations.
to improvise in which raw conducting of the global
Our Projects

Annual Report 2023-24

structures, material are fly awareness leaders in the
Our Clients policies and ash etc from programmes at sustainable built
procedures that which we are all factory of its environment by
Analytic Overview promote this generating and its subsidiary 2025.
Brand Overview Principle, prevent carbon credit companies.
its contravention as a part of
Joint Venture
and effect contribution
Our Strengths prompt and of Sustainable
Growth Strategies fair action Environment.
against any
Performance Overview transgressions.
Letter to Shareholders 6. Performance of the During the year The Company During the year Concerns from No instances of The Company The Company Conducted 100% Customer
Key Performance Indicators entity against the under review, the itself is in the under review, the stakeholders human rights has started has started community Complaints
Sustainability at Our Core
specific commitments, Company has business of Company has addressed on a violations at our Commercial Commercial development resolved in a
goals and targets along- improvised the manufacturing taken accidental timely manner. operations. Production at Production at programmes. timely manner.
Leadership Team with reasons in case the policy regarding of AAC Block insurance of its new plant at its new plant at
Management Discussion and Analysis same are not met. The Protection in which raw employees, Kapadvanj with Kapadvanj with
of Women material are fly Directors & its JV Company. its JV Company.
from Sexual ash etc from Officer's Liability
Harassment which we are Insurance etc.
(POSH) Act, 2013. generating
Statutory Reports carbon credit
as a part of
Corporate Information contribution
of Sustainable
Notice
Environment.
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
Company Overview
Governance, leadership, and oversight
Our Profile
Our Journey 7. Statement by director At Bigbloc, we believe in ourselves, and our ability to make a difference, even in the face of uncertainty and adversity. We are pushing the envelope of perceived notions
responsible for the and exploring our hidden capabilities to improve, expand, grow, and progress. We are identifying the best path forward, pursuing the right technological advancements and
Our Products
business responsibility rethinking our business, model, products, portfolios, and partnerships.
Our Infrastructure report, highlighting
Our Projects ESG-related Sustainability at our Core:

Annual Report 2023-24

Our Clients challenges, targets,
Sustainable Construction: Sustainability by increasing the efficiency of resources used for constructing buildings & in sites as well as reduce the likely adverse impacts of real
and achievements
estate development on human health and the environment through better planning, design, construction, operation and maintenance.
(listed entity has
Analytic Overview
flexibility regarding
Brand Overview the placement of this Green Building:
Joint Venture disclosure). Increasing awareness worldwide to the concept of ‘Green Building’, builders, architects and engineers are working towards constructing buildings that are designed in such
Our Strengths
a way that it can reduce the overall impact of the built environment on human health and the natural environment.
Growth Strategies
Global Warming:
Performance Overview Reduction of global warming caused by the use of traditional building materials also cause top soil erosion, thereby devastating the land’s cultivation potential permanently
by replacing it with AAC Blocks.
Letter to Shareholders
Key Performance Indicators Carbon Footprint:
Sustainability at Our Core The carbon foot prints of NXTBLOC AAC blocks are considerably less compared to traditional walling materials (Per sq. ft. carbon levels: AAC blocks 2.13 kg of CO2, clay bricks
Leadership Team 17.6 kg of CO2, concrete walls 14 kg of CO2).
Management Discussion and Analysis
Future Strategies:
Penetrate New Markets: To look after new markets on a Pan India basis to cater the growing demand.
A. Modernize Manufacturing Facilities:
Statutory Reports (a) Overhaul manufacturing facilities at Ahmedabad and Umargaon Plant.

Corporate Information (b) Strategic tie-up with SCG International brings in the required technological expertise at our new upcoming plant in Gujarat.
Notice
Directors' Report B. Expanding Networks:
Business Responsibility & Sustainability To organize dealer meets for generating better product awareness and expanding our dealer network.
Report (BRSR)
Corporate Governance Report C. Expand Customer Base:
Enhance customer base in Western India, where Bigbloc leverages significant customer Relationships.

D. Increase Product Portfolio:

Financial Statements To further increase the product basket which includes ALC Panels, Block jointing Mortar, Tile Adhesives and Gypsum Plaster, and other construction chemicals etc.

Standalone Financial Statements

Strategic Review
PRINCIPLE 2: Businesses should provide goods and services in a manner that is sustainable and safe
Company Overview
Essential Indicators
Our Profile
Our Journey
1. Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve the environmental and social impacts of product and processes to
Our Products
total R&D and capex investments made by the entity, respectively:
Our Infrastructure Particulars Current Financial Previous Financial Details of improvements in
Our Projects Year 2023-24 Year 2022-23 environmental and social impacts

Annual Report 2023-24

Our Clients
R&D Not Applicable Not Applicable
Analytic Overview Capex Not Applicable Not Applicable
Brand Overview
Joint Venture 2. a. Does the entity have procedures in place for sustainable sourcing? (Yes/No): Yes
Our Strengths
Growth Strategies b. If yes, what percentage of inputs were sourced sustainably?
Performance Overview We are using fly ash as Raw Material which is already a green building material.
Letter to Shareholders
3. Describe the processes in place to safely reclaim your products for reusing, recycling and disposing at the end of life, for (a) Plastics (including packaging) (b) E-waste (c)
Key Performance Indicators
Hazardous waste and (d) other waste:
Sustainability at Our Core
Leadership Team Not Applicable considering the nature of the product.
Management Discussion and Analysis
4. Whether Extended Producer Responsibility (EPR) is applicable to the entity’s activities (Yes/No). If yes, whether the waste collection plan is in line with the Extended
Producer Responsibility (EPR) plan submitted to Pollution Control Boards? If not, provide steps taken to address the same:
EPR is not applicable considering the nature of the business.
Statutory Reports
Corporate Information
Notice
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
PRINCIPLE 3: Businesses should respect and promote the well-being of all employees, including those in their value chains
Company Overview
Essential Indicators
Our Profile
Our Journey 1. a. Details of measures for the well-being of employees:
Our Products Category % of employees covered by
Our Infrastructure
Total Health insurance Accident insurance Maternity benefits Paternity benefits Day Care facilities
Our Projects

Annual Report 2023-24

(A) No. (B) % (B/A) No. (B) % (B/A) No. (B) % (B/A) No. (B) % (B/A) No. (B) % (B/A)
Our Clients

Permanent Employees
Analytic Overview
Brand Overview Male 141 N/A N/A 141 100% N/A N/A N/A N/A N/A N/A
Joint Venture Female 7 N/A N/A 7 100% 7 100% N/A N/A N/A N/A
Our Strengths
Total 148 N/A N/A 148 100% N/A N/A N/A N/A N/A N/A
Growth Strategies
Other than Permanent Employees
Performance Overview
Male N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Letter to Shareholders
Key Performance Indicators Female N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Sustainability at Our Core Total N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Leadership Team
Management Discussion and Analysis b. Details of measures for the well-being of workers:
Category % of workers covered by
Total Health insurance Accident insurance Maternity benefits Paternity benefits Day Care facilities
Statutory Reports (A) No. (B) % (B/A) No. (B) % (B/A) No. (B) % (B/A) No. (B) % (B/A) No. (B) % (B/A)
Corporate Information Permanent Workers
Notice Male N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Directors' Report
Female N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Business Responsibility & Sustainability
Report (BRSR) Total N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Corporate Governance Report Other than Permanent Workers
Male 119 N/A N/A 119 100% N/A N/A N/A N/A N/A N/A
Female 5 N/A N/A 5 100% 5 100% N/A - N/A N/A
Financial Statements Total 123 N/A N/A 123 100% N/A N/A N/A - N/A N/A

Standalone Financial Statements

Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
2. Details of retirement benefits, for Current FY and Previous Financial Year:
Company Overview
Our Profile Benefits FY24 FY23
Our Journey No. of No. of workers Deducted and No. of No. of workers Deducted and
Our Products employees covered as deposited with employees covered as deposited with
Our Infrastructure covered as a % of total the authority covered as a % of total the authority
Our Projects a % of total workers (Y/N / N/A) a % of total workers (Y/N / N/A)

Annual Report 2023-24

Our Clients employees employees
PF 24% 0% Y 21% 0% Y
Analytic Overview
Brand Overview Gratuity 100% 0% Y 100% 0% Y
Joint Venture ESI 33% 0% Y 42% 0% Y
Our Strengths
NPS 0% 0% N.A 0% 0% N.A
Growth Strategies
Superannuation 0% 0% N.A 0% 0% N.A
Performance Overview
Letter to Shareholders 3. Accessibility of workplaces:
Key Performance Indicators Are the premises/offices of the entity accessible to differently abled employees and workers, as per the requirements of the Rights of Persons with Disabilities Act, 2016? If
Sustainability at Our Core not, whether any steps are being taken by the entity in this regard.
Leadership Team
Management Discussion and Analysis
Not Applicable

4. Does the entity have an equal opportunity policy as per the Rights of Persons with Disabilities Act, 2016? If so, provide a web-link to the policy:
Not Applicable
Statutory Reports
5. Return to work and Retention rates of permanent employees and workers that took parental leave:
Corporate Information
Gender Permanent employees Permanent workers
Notice
Directors' Report Return to work rate Retention rate Return to work rate Retention rate
Business Responsibility & Sustainability Male 100% 20% 100% 0%
Report (BRSR)
Female 100% 20% 100% 0%
Corporate Governance Report
Total 100% 20% 100% 0%

6. Is there a mechanism available to receive and redress grievances for the following categories of employees and workers? If yes, give details of the mechanism in brief:
Financial Statements
Yes/No If Yes, then give details of the mechanism in brief
Standalone Financial Statements Permanent Workers Yes Grievances Policy, Chart flow from bottom level to top level
Consolidated Financial Statements Other than Permanent Workers Yes Grievances Policy, Chart flow from bottom level to top level
Permanent Employees Yes Grievances Policy, Chart flow from bottom level to top level
Other than Permanent Employees Yes Grievances Policy, Chart flow from bottom level to top level
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
7. Membership of employees and worker in association(s) or Unions recognised by the listed entity:
Company Overview
There are no employee association(s) or unions recognized by the Company.
Our Profile
Our Journey
8. a. Details of training given to employees and workers:
Our Products
Our Infrastructure Category FY24 FY23
Our Projects
Total On Health and safety On Skill upgradation Total On Health and safety On Skill upgradation

Annual Report 2023-24

Our Clients
(A) measures (A) measures
Analytic Overview No. (B) % (B/A) No. (B) % (B/A) No. (B) % (B/A) No. (B) % (B/A)
Brand Overview Employees
Joint Venture
Male 141 141 100 141 100 139 139 100 139 100
Our Strengths
Growth Strategies Female 7 7 100 7 100 7 7 100 7 100
Total 148 148 100 148 100 146 146 100 146 100
Performance Overview
Letter to Shareholders Workers
Key Performance Indicators Male 118 118 100 118 100 114 114 100 114 100
Sustainability at Our Core
Female 5 5 100 5 100 5 5 100 5 100
Leadership Team
Management Discussion and Analysis Total 123 123 100 123 100 119 119 100 119 100

b. Do the employees/worker of the entity have access to non-occupational medical and healthcare services? (Yes/No)
Yes, all employees are included in accident insurance and ESI coverage as per their eligibility.
Statutory Reports
9. Details of performance and Career development reviews of employees:
Corporate Information
Notice Category FY24 FY23
Directors' Report Total (A) No. (B) % (B/A) Total (A) No. (B) % (B/A)
Business Responsibility & Sustainability Employees
Report (BRSR)
Corporate Governance Report Male 141 141 100 139 139 100
Female 7 7 100 7 7 100
Total 148 148 100 146 146 100
Financial Statements Workers
Male 118 118 100 114 114 100
Standalone Financial Statements
Female 5 5 100 5 5 100
Consolidated Financial Statements
Total 123 123 100 119 119 100
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
10. Health and safety management system:
Company Overview Safety Incident/Number FY 2023-24 FY 2022-23
a. Whether an occupational health and safety management system has been
Our Profile
implemented by the entity? (Yes/No). If yes, the coverage of such system? Total recordable work-related injuries 0 0
Our Journey No. of fatalities 0 0
Yes, to safeguard to people, industrial equipment, and the environment deviates
Our Products
process from the acceptable control margins High consequence work-related injury or 0 0
Our Infrastructure
ill-health (excluding fatalities)
Our Projects

Annual Report 2023-24

b. What are the processes used to identify work-related hazards and assess risks on
Our Clients
a routine and non-routine basis by the entity? 12. Describe the measures taken by the entity to ensure a safe and healthy work
Analytic Overview Quarterly Machine testing and routine Mechnical & Electrical checkups. place:
Brand Overview - Conducting regular risk assessments and safety audits;
Joint Venture c. Whether you have processes for workers to report the work-related hazards and
- Providing personal protective equipment (PPE) and training on its use;
Our Strengths to remove themselves from such risks. (Yes/No): Yes
Growth Strategies - Implementing safety protocols and procedures for hazardous tasks;
d. Do the employees/worker of the entity have access to non-occupational medical
Performance Overview - Maintaining a clean and hygienic work environment;
and healthcare services? (Yes/No): No
Letter to Shareholders - Encouraging open communication and reporting of safety concerns;
Key Performance Indicators 11. Details of safety related incidents, in the following format:
- Implementing ergonomic solutions to reduce the risk of injury;
Sustainability at Our Core
Leadership Team Safety Incident/Number FY 2023-24 FY 2022-23 - Having a clear emergency response plan in place;
Management Discussion and Analysis Lost Time Injury Frequency Rate (LTIFR) 0 0 - Encouraging work-life balance and Providing resources for managing stress.
(per one million-person hours worked)

13. Number of Complaints on the following made by employees and workers:

Statutory Reports
FY 2023-24 FY 2022-23
Corporate Information
Filed during the Pending resolution Remarks Filed during the Pending resolution Remarks
Notice
year at the end of year year at the end of year
Directors' Report
Business Responsibility & Sustainability Working Conditions 0 0 N/A 0 0 N/A
Report (BRSR) Health & Safety 0 0 N/A 0 0 N/A
Corporate Governance Report
14. Assessments for the year:
% of your plants and offices that were assessed (by entity or statutory authorities or third parties)
Financial Statements Health and safety practices
100%
Working Conditions
Standalone Financial Statements
Consolidated Financial Statements
15. Provide details of any corrective action taken or underway to address safety-related incidents (if any) and on significant risks/concerns arising from assessments of health
& safety practices and working conditions: Not Applicable
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
PRINCIPLE 4: Businesses should respect the interests of and be responsive to all its stakeholders.
Company Overview
Essential Indicators
Our Profile
Our Journey
1. Describe the processes for identifying key stakeholder groups of the entity:
Our Products Stakeholders encompass individuals or groups whose interests are influenced or may potentially be influenced by an organization’s actions. Our identification of key
Our Infrastructure stakeholders, both internal and external, is based on their direct impact on our operations and where our business can make the most significant difference.
Our Projects

Annual Report 2023-24

Our Clients 2. List stakeholder groups identified as key for your entity and the frequency of engagement with each stakeholder group:

Analytic Overview Stakeholder Group Whether identified Channels of communication (Email, SMS, Frequency of Purpose and scope of engagement including
as Vulnerable & Newspaper, Pamphlets, Advertisement, engagement (Annually/ key topics and concerns raised during such
Brand Overview
Marginalized Group Community Meetings, Notice Board, Half yearly/Quarterly/ engagement
Joint Venture
(Yes/No) Website), Other others - please specify)
Our Strengths
Growth Strategies Investors and No • Annual shareholders’ meetings Regular Intervals • Robust corporate governance
Shareholders
• Management of investor relations • Consistent returns including dividend
Performance Overview
payout
Letter to Shareholders • Annual and quarterly reports
Key Performance Indicators • Enhancing revenue and market value
• Corporate filings with stock
Sustainability at Our Core
exchange
Leadership Team
Management Discussion and Analysis Customers No • Customer satisfaction survey Continuous • Product cost and quality
• Customer representative meet-ups • Timely delivery
• Online communication • Post-delivery concerns
Statutory Reports • Responsible and sustainable production
Suppliers No • Supplier assessment Continuous • Ethical business practices
Corporate Information
Notice • Meetings with suppliers • Contract negotiations and timely
Directors' Report payments
Business Responsibility & Sustainability • Continued business relationship
Report (BRSR)
Corporate Governance Report • Prevention of violations of human rights in
the supply chain
Local Communities No Personal Meet Need Basis as a part of Corporate Governance
Employees No • Regular trainings and workshops Continuous • Career and personal development
Financial Statements
• Employee feedback • Training and development opportunities
Standalone Financial Statements
• Employee grievance mechanism • Smooth and effective grievance
Consolidated Financial Statements
mechanism
• Internal communication systems
• Appraisal and compensation
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
2. List stakeholder groups identified as key for your entity and the frequency of engagement with each stakeholder group: (Contd.)
Company Overview
Stakeholder Group Whether identified Channels of communication (Email, SMS, Frequency of Purpose and scope of engagement including
Our Profile
as Vulnerable & Newspaper, Pamphlets, Advertisement, engagement (Annually/ key topics and concerns raised during such
Our Journey
Marginalized Group Community Meetings, Notice Board, Half yearly/Quarterly/ engagement
Our Products
(Yes/No) Website), Other others - please specify)
Our Infrastructure
Our Projects Government and No Notification Need Basis • Compliances

Annual Report 2023-24

Our Clients
Regulatory Authorities
Trade Associations No Regular Reports Need Basis • Compliances
Analytic Overview
Media No - Need Basis • Ethical business practices
Brand Overview
Joint Venture
Our Strengths
Growth Strategies

Performance Overview
Letter to Shareholders PRINCIPLE 5: Businesses should respect and promote human rights.
Key Performance Indicators We are dedicated to safeguarding the human rights of all individuals affected by our business, particularly our employees and those who are vulnerable or marginalized.
Sustainability at Our Core We have implemented policies such as Anti-Sexual Harassment and Equal Opportunity Policies, along with accessible grievance redressal mechanisms, to address any
Leadership Team human rights-related grievances.
Management Discussion and Analysis
Essential Indicators
1. Employees who have been provided training on human rights issues and policy(ies) of the entity in the following format:

Statutory Reports Category FY24 FY23

Total (A) No. of employees/ % (B/A) Total (C) No. of employees/ % (C/D)
Corporate Information workers covered workers covered
Notice (B) (D)
Directors' Report
Employees
Business Responsibility & Sustainability
Report (BRSR) Permanent 148 148 100% 146 146 100%
Corporate Governance Report Other than permanent N/A N/A N/A N/A N/A N/A
Total Employees 148 148 148 146 146 146
Workers
Financial Statements Permanent N/A N/A N/A N/A N/A N/A
Other than permanent 123 123 100% 119 119 100%
Standalone Financial Statements
Consolidated Financial Statements Total Workers 123 123 100% 119 119 100%
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
2. Details of minimum wages paid to employees: All the employees are paid more than minimum wages.
Company Overview
Our Profile 3. Details of remuneration/salary/wages, in the following format:
Our Journey a. Median remuneration/wages:
Our Products
Our Infrastructure Male Female Other
Our Projects Number Median remuneration/ Number Median remuneration/ Number Median remuneration/

Annual Report 2023-24

Our Clients salary/wages of salary/wages of salary/wages of
respective category respective category respective category
Analytic Overview
Brand Overview
Board of Directors (BoD) 5 25,43,872 1 0 0 0
Joint Venture Key Managerial Personnel 1 6,03,441 0 0 0 0
Our Strengths Employees other than BoD and KMP 141 1,74,147 7 1,74,147 0 0
Growth Strategies
Workers 119 1,74,147 5 1,74,147 0 0
Performance Overview
Letter to Shareholders 4. Do you have a focal point (Individual/Committee) responsible for addressing human rights impacts or issues caused or contributed to by the business? (Yes/No):
Key Performance Indicators Internal Complaint Committee
Sustainability at Our Core
Leadership Team 5. Describe the internal mechanisms in place to redress grievances related to human rights issues:
Management Discussion and Analysis Internal mechanisms have been established to address grievances concerning human rights matters. The POSH Committee is designated to handle complaints related to
sexual harassment. For other human rights concerns, individuals can approach their respective Heads.

6. Number of Complaints on the following made by employees and workers:

Statutory Reports
Benefits FY24 FY23
Corporate Information
Filed during Pending resolution Remarks Filed during Pending resolution Remarks
Notice
the year at the end of year the year at the end of year
Directors' Report
Sexual Harassment 0 0 N/A 0 0 N/A
Business Responsibility & Sustainability
Report (BRSR) Discrimination at workplace 0 0 N/A 0 0 N/A
Corporate Governance Report Child Labour 0 0 N/A 0 0 N/A
Forced Labour/Involuntary Labour 0 0 N/A 0 0 N/A
Wages 0 0 N/A 0 0 N/A
Financial Statements Other human rights related issues 0 0 N/A 0 0 N/A
Standalone Financial Statements
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
7. Mechanisms to prevent adverse consequences to the complainant in discrimination ix. Secure Reporting Channels: Establish secure and confidential reporting
Company Overview and harassment cases: channels, such as online portals or hotlines
Our Profile i. Confidentiality: Ensure that all complaints and investigations are kept
Our Journey confidential to protect the complainant’s identity and personal information. x. Monitoring and Follow-up: Regularly monitor and follow up on complaints to
Our Products ensure that the complainant is not experiencing any adverse consequences.
Our Infrastructure ii. Anti-Retaliation Policy: Implement a strict policy prohibiting retaliation against
Our Projects complainants, witnesses, or anyone participating in the investigation process. 8. Do human rights requirements form part of your business agreements and

Annual Report 2023-24

Our Clients contracts? (Yes/No)
iii. Protection from Retaliation: Take prompt action against anyone found to have No
Analytic Overview
retaliated against a complainant, including disciplinary action or termination.
Brand Overview
9. Assessments for the year:
Joint Venture
iv. Support and Resources: Provide complainants with access to counseling, legal
Our Strengths support, and other resources to help them navigate the process. % of your plants and offices that were assessed
Growth Strategies (by entity or statutory authorities or third parties)
v. Investigation Neutrality: Ensure that investigations are conducted impartially, Child labour 100%
Performance Overview
without bias or conflict of interest. Forced/involuntary labour 100%
Letter to Shareholders
Key Performance Indicators
vi. Timely Investigation: Conduct investigations promptly and efficiently to Sexual harassment 100%
Sustainability at Our Core
minimize the impact on the complainant’s work and well-being. Discrimination at 100%
Leadership Team
workplace
Management Discussion and Analysis
vii. Complainant Support Person: Allow the complainant to have a support person Wages 100%
present during the investigation process.
Others – please specify -
viii. Anonymous Reporting: Allow for anonymous reporting to protect the
Statutory Reports complainant’s identity. 10. Provide details of any corrective actions taken or underway to address significant
risks/concerns arising from the assessments at Question 9 above: Not Applicable
Corporate Information
Notice
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

Business Responsibility & Sustainability Report

Strategic Review
PRINCIPLE 6: Businesses should respect and make efforts to protect and restore the environment.
Company Overview
We have implemented a range of initiatives aimed at minimizing our business’s environmental footprint, including adopting effective energy conservation measures and
Our Profile
waste management protocols across all our restaurant and office locations. Our employees undergo regular training programs focusing on waste segregation and the
Our Journey responsible disposal of hazardous materials like used oil and batteries, facilitated by authorized vendors.
Our Products
Our Infrastructure Essential Indicators
Our Projects

Annual Report 2023-24

1. Details of total energy consumption (in Joules or multiples) and energy intensity, in the following format:
Our Clients
Parameter FY24 FY23
Analytic Overview
Brand Overview Total electricity consumption (A) 6,500.00 6,121.25
Joint Venture Total fuel consumption (B) 128.00 125.00
Our Strengths
Energy consumption through other sources (C) 0.00 0.00
Growth Strategies
Total energy consumption (A+B+C) 6,628.00 6,246.25
Performance Overview Energy intensity per rupee of turnover (Total energy consumption/turnover in rupees)
Letter to Shareholders
Key Performance Indicators
Energy intensity (optional) – the relevant metric may be selected by the entity
Sustainability at Our Core
Leadership Team
2. Does the entity have any sites/facilities identified as designated consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India?
(Yes/No) If yes, disclose whether targets set under the PAT scheme have been achieved. In case targets have not been achieved, provide the remedial action taken, if any:
Management Discussion and Analysis
Not Applicable

3. Provide details of the following disclosures related to water, in the following format:
Statutory Reports Parameter FY24 FY23

Corporate Information Water withdrawal by source (in kilolitres)

Notice (i) Surface water 0 0
Directors' Report
(ii) Groundwater 1,29,000 1,27,750
Business Responsibility & Sustainability
Report (BRSR) (iii) Third party water 0 0
Corporate Governance Report (iv) Seawater/desalinated water 0 0
(v) Others 0 0
Total volume of water withdrawal 1,29,000 1,27,750
Financial Statements (in kilolitres) (i + ii + iii + iv + v)
Total volume of water consumption 1,29,000 1,27,750
Standalone Financial Statements (in kilolitres)
Consolidated Financial Statements
Annexure E

BigBloc Construction Limited

100

Business Responsibility & Sustainability Report

Strategic Review
4. Provide the following details related to water discharged: Not Applicable
Company Overview
Our Profile 5. Has the entity implemented a mechanism for Zero Liquid Discharge? If yes, provide details of its coverage and implementation: Not Applicable
Our Journey
Our Products 6. Please provide details of air emissions (other than GHG emissions) by the entity: Not Applicable
Our Infrastructure
7. Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) & its intensity: Not Applicable
Our Projects

Annual Report 2023-24

Statutory Reports
Corporate Information
Notice
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Annexure F

BigBloc Construction Limited

104

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo
[Particulars pursuant to the Companies (Accounts) Rules, 2014]
Strategic Review
Company Overview
Our Profile
Information on conservation of Energy, Technology absorption, Foreign Exchange III. In case of imported technology (imported during the last three years reckoned
earnings and outgo required to be disclosed under Section 134 of the Companies from the beginning of the financial year): N/A
Our Journey
Act, 2013 read with companies (Accounts) Rules, 2014 are provided hereunder
Our Products a. Details of Technology: N/A
Our Infrastructure
Our Projects A. CONSERVATION OF ENERGY: b. Year of Import: N/A

Annual Report 2023-24

Our Clients Energy Conservation is an ongoing process in the Company. The Company
continued its efforts to improve energy usage efficiencies and increase the share of c. Whether the technology has been fully absorbed: N/A
Analytic Overview renewable energy. Various key performance indicators like specific energy (energy
Brand Overview consumed per unit of production), specific energy costs and renewable energy d. If not fully absorbed, areas where absorption has not taken place, and the
Joint Venture contributions were continuously tracked to monitor alignment with the Company’s reasons thereof: N/A
Our Strengths overall sustainability approach.
Growth Strategies IV. Expenditure incurred on Research and Development: Nil
I. Steps taken or impact on conservation of energy:
Performance Overview
Letter to Shareholders
To conserve and optimize the use of energy, the Company has been installing C. FOREIGN EXCHANGE EARNINGS AND OUTGO:
energy efficient blowers, vacuum pumps, backwater pumps and other equipment in The Company has not entered into any transaction outside the country during the
Key Performance Indicators
all its plants. Energy efficient lighting system and modernized mechanical devices/ year under review:
Sustainability at Our Core
systems were also installed for optimum usage of power. Strict controls are exercised
Leadership Team (₹ in Lakhs)
in operation of the plants for optimum usage of Power and Fuel.
Management Discussion and Analysis
31 March, 2024
st
31 March, 2023
st

II. Steps taken for utilizing alternate sources of energy: Foreign Exchange Earning - -
No alternative source of energy was used during the period under review. Foreign Exchange Outgo - -
Statutory Reports
III. Capital investment on energy conservation equipment during the
Corporate Information
year: Nil
Notice
Directors' Report
Business Responsibility & Sustainability
B. TECHNOLOGY ABSORPTION:
Report (BRSR) Your Company is continuously endeavoring to upgrade its technology from time to
Corporate Governance Report time in all aspects primarily aiming at reduction of cost of production and improving
the quality of the product:
I. Efforts made towards technology absorption: Nil

Financial Statements II. Benefits derived: Nil

Standalone Financial Statements

Consolidated Financial Statements
Annexure G

BigBloc Construction Limited

105

Statement of Disclosure of Remuneration

Strategic Review
PART A
Company Overview
Our Profile
Particulars of Employee pursuant to Section 197 of the Companies Act, 2013 read with Rules 5(1) of the Companies (Appointment and
Our Journey Remuneration of Managerial Personnel) Rules, 2014
Our Products (1) Ratio of the Remuneration/Perquisites of each director to the median remuneration of the employees of the Company for the financial year ended 31st March,
Our Infrastructure 2024 and the percentage increase in remuneration of each Director, Chief Financial officer, Chief Executive officer, Company Secretary for the financial year
Our Projects ended 31st March, 2024:

Annual Report 2023-24

Our Clients
Name of the Director/KMP Remuneration/Perquisites % Increase in Remuneration Ratio to median
Analytic Overview received (in ₹) in FY 2023-24 remuneration
Brand Overview
Mr. Narayan Sitaram Saboo (Director) 7,43,872 N/A 4.27
Joint Venture
Our Strengths
Mr. Naresh Sitaram Saboo (Managing Director) 25,43,872 45.87 14.61
Growth Strategies Mr. Mohit Narayan Saboo (Director & CFO) 25,43,872 45.87 14.61

Performance Overview
Mr. Alpesh Makwana (Company Secretary) 6,03,441.00 0 3.47
Letter to Shareholders
The median remuneration of all the employees of the Company was 1,74,146.5/- p.a.
Key Performance Indicators
Sustainability at Our Core
No remuneration/sitting fees paid to independent Directors during financial year 2023-24.
Leadership Team
Management Discussion and Analysis
(2) During the financial year 2023-24, there was no increase in the median remuneration of employees.

(3) There were 148 permanent employees on the rolls of the Company as on 31st March, 2024.
Statutory Reports
(4) During the financial year 2023-24, salaries of employees as well as managerial personnel were increased as mentioned above.
Corporate Information
Notice (5) It is affirmed that the remuneration paid is as per remuneration policy of the Company.
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Annexure G

BigBloc Construction Limited

106

Statement of Disclosure of Remuneration

Strategic Review
PART B
Company Overview
Our Profile Particulars of Employee pursuant to Section 197 of the Companies Act, 2013 read with Rules 5(2) of the Companies (Appointment and
Our Journey Remuneration of Managerial Personnel) Rules, 2014
Our Products a) Details of top ten employee in terms of gross remuneration paid during the year ended 31st March, 2024:
Our Infrastructure
Our Projects Particulars Shamsher Bibin Electricwala Siyaram Tejas Roshan Amresh Ankit Yadav Rakesh Sameer

Annual Report 2023-24

Kumar Pal Nambiar Mohammed S Singh Dhoot Kumar Jha Ojha Mehta Lalji Jadhav
Our Clients
Designation of Employee AGM Senior Regional Senior Sales Senior Sales Area Sales Sales Electrical Sales
Analytic Overview Marketing Sales Manager Executive Manager Manager Head Manager
Manager Manager
Brand Overview
Remuneration 2023-24 12,61,884 9,86,818 11,61,970 9,36,910 8,52,000 7,66,237 7,63,611 7,62,900 7,20,939 7,07,538
Joint Venture
Our Strengths
Nature of Employment Permanent Permanent Permanent Permanent Permanent Permanent Permanent Permanent Permanent Permanent
Growth Strategies Qualification & B. Com. & M.B.A MBA B.A & 14 Year MBA MKT & MMS & 11 Year MBA Bachelor BE Electrical F Y B com
Experience 15 Years’ (Marketing) (Marketing) of Experience 16 Years’ in Building Marketing of Arts & & 13 Years’ & 9 Years’
Performance Overview & 20 Years’ & 18 Years’ in Building Material & 13 Years’ 15 Years’ Experience Experience
Experience experince Material Sales Experience Experience in Building
Letter to Shareholders
in Building in Building Sales in Building in Building Material
Key Performance Indicators Material Material Material Material Sales
Sustainability at Our Core Sales Sales Sales
Leadership Team Date of commencement 10-05-2012 09-12-2019 23-04-2023 15-01-2023 12-03-2013 14-06-2021 21-04-2016 01-04-2022 08-08-2012 12-06-2023
Management Discussion and Analysis of employment
Age 46 Years 40 Years 38 Years 39 Years 41 Years 31 Years 44 Years 37 Years 36 Years 36 Years
Last employment Jvs comatsco Aura marbles Euro Plywood Century Personal Aerogreen Bloom Dekor Nilkamal Aarti Infra
ind Private (Topaim Private Plyboard Business Building Limited Limited, Nasik Enterprise Market
Statutory Reports Limited properties Limited Private Solutions
Private Limited Industries,
Limited) Mumbai
Corporate Information
% of Equity shares held Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
Notice
Directors' Report
b) Employed throughout the financial year, was in receipt of remuneration for that year which, in the aggregate, was not less than One Crore and Two Lakhs Rupees: (Nil)
Business Responsibility & Sustainability
hence, Not Applicable
Report (BRSR)
Corporate Governance Report
c) Employed for a part of the financial year, was in receipt of remuneration for any part of that year, at a rate which, in the aggregate, was not less than Eight Lakhs and
Fifty Thousand Rupees per month: (Nil) hence, Not Applicable

d) Employed throughout the financial year or part thereof, was in receipt of remuneration in that year which, in the aggregate, or as the case may be, at a rate which, in
Financial Statements the aggregate, is in excess of that drawn by the Managing Director or Whole-Time Director or manager and holds by himself or along with his spouse and dependent
children, not less than 2% of the equity shares of the Company: (Nil) hence, Not Applicable
Standalone Financial Statements
Consolidated Financial Statements
Corporate Governance Report

BigBloc Construction Limited

107

The Directors present the Company’s Report on Corporate Governance for the year ended 31st March, 2024, in terms of Regulation 34(3) read with schedule V of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulation”).
Strategic Review
Company Overview 1. CORPORATE GOVERNANCE PHILOSOPHY: The Chairman of the Board of Directors is an Executive Director. The composition
Our Profile Our corporate governance practices are a reflection of our value system of the Board of Directors is in conformity with the Regulation 17 of the SEBI
Our Journey encompassing our culture, policies, and relationships with our stakeholders. Integrity Listing Regulations.
Our Products and transparency are key to our corporate governance practices to ensure that we • The Independent Directors do not have any pecuniary relationship or
Our Infrastructure gain and retain the trust of our stakeholders at all times. Corporate governance is transaction either with the promoters/Management that may affect their
Our Projects about maximizing shareholder value legally, ethically and sustainably. The Board Judgment in any manner.

Annual Report 2023-24

Our Clients exercises its fiduciary responsibilities in the widest sense of the term. We also
endeavor to enhance long‑term shareholder value and respect minority rights in all • The Directors are experienced in business and corporate management. The
Analytic Overview our business decisions. Your Company follows the principles of fair representation Board consists of eminent persons with considerable professional expertise in
Brand Overview and full disclosure in all its dealings and communications. The Company’s various fields such as Administration, Banking, Law, Finance, Engineering etc.
Joint Venture annual report, results presentations and other forms of corporate and financial
Our Strengths communications provide extensive details and convey important information on a • All Independent Directors of the Company qualify the conditions of their
Growth Strategies timely basis. Your Company’s philosophy on corporate governance envisages the being independent.
attainment of the highest levels of transparency, accountability and equity, in all
Performance Overview facets of its operations and in all its interactions with its stakeholders, employees,
The Board has identified the following skill set with reference to its Business and
Letter to Shareholders government and lenders.
Industry, which are available with the Board:
Key Performance Indicators
Sustainability at Our Core 2. THE BOARD OF DIRECTORS: Name of the Director Expertise in specific functional area
Leadership Team
Management Discussion and Analysis
(a) Board Composition: Mr. Narayan Sitaram Saboo Bachelor of Law, Business Strategy and Corporate
The composition of the Board is in conformity with the provisions of the companies Management
Act, 2013 and Regulation 17 of the Listing Regulations which inter alia stipulates that Mr. Naresh Sitaram Saboo Textile Industry and Export, Product Development
the board should have an optimum combination of Executive and Non-Executive
Mr. Mohit Narayan Saboo Chartered Accountant
Statutory Reports Directors, with at least one woman director and not less than fifty per cent of the
Board comprising of Non-Executive Directors and at least one-half comprising of Mr. Dishant Kaushikbhai Chemical Engineer
Corporate Information Independent Directors for a Board Chaired by Executive Chairman. Jariwala
Notice Ms. Samiksha Rajesh Bachelors in Business Administration, specialization
Name of the Director Category No. of Directors
Directors' Report Nandwani in Marketing Field and Fashion Merchandiser
Mr. Narayan Sitaram Saboo Chairman & Executive Director 1
Business Responsibility & Sustainability Mr. Sachit Jayesh Gandhi Practicing Chartered Accountant
Report (BRSR) (Promoter Director)
Corporate Governance Report Mr. Naresh Sitaram Saboo Managing & Executive Director 1
(Promoter Director) (b) No. of Board Meetings:
Mr. Mohit Narayan Saboo Executive Director & CFO 1 The Board meets at regular intervals to discuss and decide on business strategies/
policies and review the financial performance of the Company.
Mr. Dishant Kaushikbhai Jariwala Non-Executive - Independent 1
Financial Statements Director
During the Financial year ended 31st March, 2024, Board of Directors met Five (05)
Mr. Sachit Jayesh Gandhi Non-Executive - Independent 1 times on 24-05-2023, 02-08-2023, 29-08-2023, 31-10-2023 and 23-01-2024.
Standalone Financial Statements
Director
Consolidated Financial Statements
Ms. Samiksha Rajesh Nandwani Non-Executive - Independent 1 The maximum time gap between any two meetings did not exceed one hundred
Director (Woman Director) twenty days.
Corporate Governance Report

BigBloc Construction Limited

108

(C) Directors’ Attendance Record and Directorship held:

Strategic Review Details of attendance of Directors at Meeting of Board and number of Directorship and Chairmanship/Membership of Committee(s) in other companies as on 31st March,
Company Overview 2024 are given below:
Our Profile
Sr. Name of Category# Attendance at the No. of Other Directorship* No. of Committees No. of Committees Whether attended
Our Journey
No. Directors Board Meetings Indian Public Other Companies/ of other of other last AGM
Our Products
(No. of Meetings Limited LLPs companies in companies in
Our Infrastructure
Attended) companies which which
Our Projects
Member $ %* Chairman $%*

Annual Report 2023-24

Our Clients
1 Naresh Saboo MD/PD/ED 05/05 3 8 2 0 Yes
Analytic Overview 2 Narayan Saboo PD/ED 05/05 6 5 2 0 Yes
Brand Overview
3 Mohit Saboo ED/CFO 05/05 2 4 0 0 Yes
Joint Venture
Our Strengths 4 Dishant Jariwala ID/NED 05/05 1 1 2 2 Yes
Growth Strategies 5 Sachit Gandhi ID/NED 05/05 1 1 2 0 Yes
Performance Overview 6 Samiksha Rajesh ID/NED 05/05 2 0 2 0 Yes
Letter to Shareholders Nandwani
Key Performance Indicators
Sustainability at Our Core
#
PD – Promoter Director; NED - Non-Executive Director; ID/NED - Independent Non-Executive Director; ED – Executive Director, CFO - Chief Financial Officer, MD - Managing
Leadership Team Director, AD - Additional Director, NID - Non-Independent Director.
Management Discussion and Analysis
$ Pursuant to Regulation 26 of Listing Regulation, for purpose of considering the limit of the committee in which Directors are members/chairman, all public limited companies,
whether listed or not, are included, Private Limited companies, foreign companies and companies under Section 8 of the Companies Act, 2013 are excluded.

Statutory Reports % For the purpose of determination of the number of committees of other companies, chairpersonship and membership of only the Audit committee and the stakeholders
Relationship committee have been considered.
Corporate Information
Notice * Including directorship in Bigbloc Construction Limited/chairpersonship and membership of the Audit committee and the stakeholders Relationship Committee in Bigbloc
Directors' Report Construction Limited.
Business Responsibility & Sustainability
Report (BRSR) Other Listed Companies where Directors of the Company are Directors and their category of Directorship (as on 31st March, 2024):
Corporate Governance Report
Sr. Name of the Director Name of the Listed Company Category of Directorship
No.
1 Naresh Sitaram Saboo Bigbloc Construction Limited Executive, Managing Director
Financial Statements Mohit Industries Limited Executive, Director
Mask Investments Limited Executive, Director
Standalone Financial Statements 2 Narayan Sitaram Saboo Bigbloc Construction Limited Executive, Director
Consolidated Financial Statements Mohit Industries Limited Executive, Managing Director
Mask Investments Limited Executive, Director
Corporate Governance Report

BigBloc Construction Limited

109

Other Listed Companies where Directors of the Company are Directors and their category of Directorship (as on 31st March, 2024): (Contd.)
Strategic Review
Sr. Name of the Director Name of the Listed Company Category of Directorship
Company Overview No.
Our Profile 3 Mohit Narayan Saboo Bigbloc Construction Limited Executive, Director & CFO
Our Journey
Our Products
4 Dishant Kaushikbhai Jariwala Bigbloc Construction Limited Non-Executive - Independent Director
Our Infrastructure 5 Sachit Jayesh Gandhi Bigbloc Construction Limited Non-Executive - Independent Director
Our Projects 6 Samiksha Rajesh Nandwani Bigbloc Construction Limited Non-Executive - Independent Director

Annual Report 2023-24

Our Clients Mask Investments Limited Non-Executive - Independent Director
Analytic Overview
Brand Overview
Joint Venture
(d) Director Seeking appointment/reappointment: 3. CODE OF CONDUCT:
Our Strengths In accordance with the provisions of Section 152 of the Companies Act, 2013 and The Company has laid down a code of conduct for all Board members and Senior
Growth Strategies
the Company’s Articles of Association, Mr. Narayan Sitaram Saboo (DIN: 00223324) Management personnel of the Company. The Code of Conduct is available on
will retire by rotation at the ensuing Annual General Meeting and, being eligible, has the website of the Company viz. www.nxtbloc.in. The Board members and Senior
Performance Overview offered himself for re-appointment. Management personnel have affirmed compliance with the Code. A declaration to
Letter to Shareholders that effect signed by Mr. Naresh Saboo, (Managing Director) and Mr. Mohit Saboo
Key Performance Indicators (e) Board Independence: (CFO) forms part of this Report.
Sustainability at Our Core Our definition of ‘Independence’ of Directors is derived from, Regulation 16 of
Leadership Team Listing Regulations and Section 149(6) of the Companies Act, 2013. Based on the 4. COMMITTEES OF THE BOARD:
Management Discussion and Analysis confirmation/disclosures received from the Directors and on evaluation of the The Board Committees play a crucial role in the governance structure of the
relationships disclosed, all Non-Executive Directors are Independent in terms of Company and have been constituted to deal with specific areas/activities which
Regulation 16 of Listing Regulations and Section 149(6) of the Companies Act, 2013. concern the Company and need a closer review. The Board Committees are set
up under the formal approval of the Board to carry out clearly defined roles which
Statutory Reports (f) Disclosure of relationships between Directors inter-se: are considered to be performed by members of the Board, as a part of good
governance practice. The Chairman of the respective Committee informs the Board
Corporate Information
Mr. Narayan Saboo, Director of the Company is the father of Mr. Mohit Saboo, about the summary of the discussions held in the Committee Meetings. The Board
Director & CFO of the Company and brother of Mr. Naresh Saboo, Managing Director has currently established the following statutory Committees:
Notice
of the Company.
Directors' Report
I. Audit Committee;
Business Responsibility & Sustainability
Report (BRSR) (g) Familiarization program for Independent Directors:
II. Nomination and Remuneration Committee;
Corporate Governance Report The Company has conducted a Familiarization Program for Independent Directors.
The details for the same have been disclosed on the website of the Company at
III. Stakeholders Relationship Committee;
www.nxtbloc.in.
IV. Corporate Social Responsibility Committee;
Financial Statements (h) Details of Equity shares held by Non-Executive Directors:
• Mr. Sachit Gandhi, Non-Executive Independent Director hold 11,000 Equity V. Risk Management Committees.
Standalone Financial Statements
Shares of the Company.
Consolidated Financial Statements

(ii) Market Price Data, Stock Performance & Comparison to board-based Indices:
Strategic Review The monthly high and low prices and volumes of shares of the Company at BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) for the year ended
Company Overview
31st March, 2024 are as under:
Our Profile
Month Bigbloc Construction Limited share price on BSE platform Bigbloc Construction Limited share price on NSE platform
Our Journey
High Price Low No. of Shares High price Low No. of Shares
Our Products
Price (Volume) Price (Volume)
Our Infrastructure
April 2023 135.55 122.9 1.07 136.00 122.20 8.49
Our Projects

Annual Report 2023-24

May 2023 179.25 127.95 5.23 178.70 127.55 42.85
Our Clients
June 2023 178.5 153.95 4.37 178.65 154.50 20.90
Analytic Overview July 2023 167.4 142.45 3.38 168.00 144.95 74.96
Brand Overview August 2023 178.5 137.55 5.77 178.70 138.25 38.33
Joint Venture September 2023 183.85 152.55 4.72 183.90 150.20 54.32
Our Strengths October 2023 189.65 145.05 6.79 189.85 145.10 72.11
Growth Strategies November 2023 163.45 150 2.20 162.15 150.00 14.61
December 2023 173.6 153.7 3.35 172.50 153.50 29.53
Performance Overview
January 2024 203.4 161 7.77 203.70 160.05 73.61
Letter to Shareholders
February 2024 265.9 175.45 17.91 267.00 175.55 134.31
Key Performance Indicators
Sustainability at Our Core
March 2024 243.85 169.25 5.17 243.00 167.00 31.02
Leadership Team
Management Discussion and Analysis

Performance in Comparison to Board-Based Indices Viz. BSE Sensex Performance in Comparison to Board-Based Indices Viz. NSE Nifty

Statutory Reports Bigbloc Construction Limited

PRICE SENSEX
NSE Nifty Bigbloc Construction Limited
PRICE Nifty
NSE Nifty

100000
100000 250
250 25000
25000 250
250
Corporate Information
Notice
Directors' Report 80000
80000 200
200 20000
20000 200
200

Business Responsibility & Sustainability

Report (BRSR)
60000
60000 150
150 15000
15000 150
150
Corporate Governance Report

40000
40000 100
100 10000
10000 100
100

Financial Statements 5000

20000
20000 50
50 5000 50
50

Standalone Financial Statements

Consolidated Financial Statements 0
0 0
0 0
0 0
0
APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR
23

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Corporate Governance Report

BigBloc Construction Limited

117

(iii) Registrar and Share Transfer Agent: (vi) Unclaimed Dividend:

Strategic Review Adroit Corporate Service Private Limited All members who have either not claimed or have not yet encashed their dividend
Company Overview 19-20, Jaferbhoy Industrial Estates, Makwana Road, warrant(s) for Final Dividend for the Financial year 2016-17 or Final Dividend for
Our Profile Marol naka, Andheri (East), Mumbai - 400059. the Financial year 2017-18 or Final Dividend for the Financial year 2019-20, or Final
Phone:+91-22-42270400/28596060/28594060 Dividend for the Financial year 2020-21, or Interim Dividend for the Financial year
Our Journey
Fax:+91-22-28503748 2021-22 or Final Dividend for the Financial year 2021-22, or Final Dividend for the
Our Products
Financial year 2022-23, or Interim Dividend for the Financial year 2023-24, or Second
Our Infrastructure E-mail ID: [email protected]
Interim Dividend for the Financial year 2023-24 can submit the dividend warrant(s)
Our Projects In-House Share Transfer Registered with SEBI as Category if any available with them for revalidation to the Company/RTA. Shareholders are

Annual Report 2023-24

Our Clients Share Transfer Agent vide Reg. No.: INR000002227. requested to ensure that they claim the dividend(s) from the Company before
Analytic Overview
transfer of said dividend amount to the IEPF. The details of unclaimed dividends for
Brand Overview
(iv) Share Transfer system: the financial year 2015-16 onwards and the last date for claiming such dividend are
All share transfer and other communications regarding share certificates, given below:
Joint Venture
Our Strengths dematerialization request, transmission, change of address, dividends, etc. should
be addressed to Registrar and Transfer Agents. Shareholders/Investor Grievance Financial Year Date of Unclaimed Date of Due Date for
Growth Strategies
Committee is authorized to approve transfer of shares in the physical segment. The declaration amount as Transfer transfer to
Shareholders/Investor Grievance and Share Transfer Committee have delegated of Dividend on 31st March, to Unpaid IEPF
Performance Overview
the authority for approving transfer and transmission of shares and other related 2024 Dividend
Letter to Shareholders
matters to the Managing Director of the Company. Such transfers take place on Account
Key Performance Indicators
Sustainability at Our Core fortnightly basis. A summary of all the transfers/transmissions etc. so approved 2016-2017 18/09/2017 ₹ 12,965.25 23/10/2017 24/10/2024
Leadership Team
by Managing Director of the Company is placed at every Committee meeting. All (Final Dividend)
Management Discussion and Analysis
Share Transfer, Transmission, Duplicate issue of Shares in physical form and request 2017-2018 28/09/2018 ₹ 14,800.25 03/11/2018 04/11/2025
for dematerialization of securities of the Company are completed/processed (Final Dividend)
within statutory time limit from the date of receipt, provided the documents meet
the stipulated requirement of statutory provisions in all respects. Pursuant to 2019-2020 18/09/2020 ₹ 16,250.50 22/10/2020 23/10/2027
Regulation 40(9) of the Listing Regulations, certificates, on half-yearly basis have (Final Dividend)
Statutory Reports been issued by a Company Secretary-in-Practice for due compliance of Share 2020-2021 27/09/2021 ₹ 18,487.50 02/11/2021 03/11/2028
transfer formalities by the Company. Pursuant to SEBI (Depositories and Participants) (Final Dividend)
Corporate Information
Regulation, 1996, certificates have been received from a Company Secretary-in-
Notice 2021-2022 24/01/2022 ₹ 38,717.30 01/03/2022 02/03/2029
Practice for timely dematerialization of Shares and for reconciliation of the Share
Directors' Report (Interim Dividend)
Capital of the Company on a quarterly basis.
Business Responsibility & Sustainability 2021-2022 30/09/2022 ₹ 43,465.80 02/11/2022 03/11/2029
Report (BRSR)
(v) Date of Dividend Payment: (Final Dividend)
Corporate Governance Report
The Board has recommended a final dividend @ 20% i.e. ₹ 0.40 per equity share for 2022-2023 25/09/2023 ₹ 69,916.60 01/11/2023 02/11/2030
the FY 2023-24. The dividend recommended by the Directors for the year ended (Final Dividend)
31st March, 2024, if declared at the ensuing annual general meeting, will be paid by 2023-2024 31/10/2023 ₹ 12,326.40 07/12/2023 08/12/2030
Financial Statements 28th September, 2024, to those members, whose names appear in the register of (Interim Dividend)
members/depository records as on Friday, 2nd August, 2024.
2023-2024 (Second 23/01/2024 ₹ 34,304.40 22/02/2024 23/02/2031
Standalone Financial Statements Interim Dividend)
Consolidated Financial Statements
Corporate Governance Report

BigBloc Construction Limited

118

Statutory Reports Company Secretaries
UDIN: P1996GJ002900
Corporate Information P/R No.: 2144/2022
Notice
Directors' Report Sd/-
Business Responsibility & Sustainability Pinal Kandarp Shukla
Report (BRSR) Principal Partner
Corporate Governance Report Company Secretary
Place: Surat ACS: 28554 CP: 10265
Date: 16th July, 2024 UDIN: A028554F000753091

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Corporate Governance Report

BigBloc Construction Limited

122

ANNEXURE – IV OF CORPORATE GOVERNANCE REPORT CERTIFICATE OF NON-DISQUALIFICATION OF DIRECTORS

Strategic Review (Pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)
Company Overview
Our Profile
To, Securities and Exchange Board of India, Ministry of Corporate Affairs, or any such
Our Journey
The Members, other Statutory Authority.
Our Products
BIGBLOC CONSTRUCTION LIMITED
Our Infrastructure
Office No.: 908, Rajhans Montessa, Sr. Name of Director DIN Initial Date of
Our Projects No. appointment
Dumas Road, Magdalla, Surat,

Annual Report 2023-24

Our Clients Choryasi, Gujarat-395007, India. 1 Narayan Sitaram Saboo 00223324 17/06/2015
Analytic Overview 2 Naresh Sitaram Saboo 00223350 17/06/2015
We have examined the relevant registers, records, forms, returns and disclosures
Brand Overview
received from the Directors of BIGBLOC CONSTRUCTION LIMITED having 3 Mohit Narayan Saboo 02357431 11/04/2016
Joint Venture
CIN: L45200GJ2015PLC083577 and having registered office at Office No. 908, Rajhans 4 Sachit Jayesh Gandhi 03408683 01/03/2018
Our Strengths
Montessa, Dumas Road, Magdalla, Surat Choryasi Gujarat 395007, India (hereinafter
Growth Strategies
referred to as ‘the Company’), produced before us by the Company for the purpose 5 Dishant Kaushikbhai 07482806 11/04/2016
of issuing this Certificate, in accordance with Regulation 34(3) read with Schedule V Jariwala
Performance Overview
Para-C Sub-clause 10(i) of the Securities Exchange Board of India (Listing Obligations 6 Samiksha Rajesh 08815491 07/08/2020
Letter to Shareholders
and Disclosure Requirements) Regulations, 2015. Nandwani
Key Performance Indicators
Sustainability at Our Core
In our opinion and to the best of our information and according to the verifications Ensuring the eligibility of for the appointment/continuity of every Director
Leadership Team
(including Directors Identification No. (DIN) status at the portal www.mca.gov.in) on the Board is the responsibility of the management of the Company. Our
Management Discussion and Analysis
as considered necessary and explanations furnished to us by the Company & its responsibility is to express an opinion on these based on our verification. This
officers, we hereby certify that none of the Directors on the Board of the Company as certificate is neither an assurance as to the future viability of the Company nor
stated below for the Financial Year ending on 31st March, 2024 have been debarred of the efficiency or effectiveness with which the management has conducted
or disqualified from being appointed or continuing as Directors of companies by the the affairs of the Company.
Statutory Reports
Corporate Information
Notice
Directors' Report
For Dhirren R. Dave & Co.,
Business Responsibility & Sustainability Company Secretaries
Report (BRSR)
UDIN: P1996GJ002900
Corporate Governance Report P/R No.: 2144/2022

Sd/-
Pinal Kandarp Shukla
Financial Statements Principal Partner
Company Secretary
Standalone Financial Statements
Place: Surat ACS: 28554 CP: 10265
Consolidated Financial Statements
Date: 16th July, 2024 UDIN: A028554F000752860
Independent Auditor’s Report

BigBloc Construction Limited

123

To,
The Members of
Strategic Review Bigbloc Construction Limited
Company Overview Report on the Audit of the Standalone Financial Statements
Our Profile
Our Journey
Our Products
OPINION its profit, total comprehensive income, changes in equity and its cash flows for the
We have audited the accompanying Standalone Financial Statements of Bigbloc year ended on that date.
Our Infrastructure
Our Projects Construction Limited (“the Company”), which comprise the Balance Sheet as at
BASIS OF OPINION

Annual Report 2023-24

Our Clients 31st March, 2024, the Statement of Profit and Loss (including Other Comprehensive
Income), the Statement of Changes in Equity and the Statement of Cash Flows for We conducted our audit of the Standalone Financial Statements in accordance
Analytic Overview the year ended on that date, and a summary of the significant accounting policies with the Standards on Auditing (“SA”s) specified under Section 143(10) of the Act.
Brand Overview and other explanatory information (hereinafter referred to as “the Standalone Our responsibilities under those Standards are further described in the Auditor’s
Joint Venture Financial Statements”). Responsibilities for the Audit of the Standalone Financial Statements Section of our
Our Strengths report. We are independent of the Company in accordance with the Code of Ethics
Growth Strategies In our opinion and to the best of our information and according to the explanations issued by the Institute of Chartered Accountants of India (“ICAI”) together with the
given to us, the aforesaid Standalone Financial Statements give the information ethical requirements that are relevant to our audit of the Standalone Financial
Performance Overview required by the Companies Act, 2013 (the “Act”) in the manner so required and give Statements under the provisions of the Act and the Rules made thereunder, and we
Letter to Shareholders a true and fair view in conformity with the Indian Accounting Standards prescribed have fulfilled our other ethical responsibilities in accordance with these requirements
Key Performance Indicators under Section 133 of the Act, (“Ind AS”) and other accounting principles generally and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is
Sustainability at Our Core accepted in India, of the state of affairs of the Company as at 31st March, 2024 and sufficient and appropriate to provide a basis for our audit opinion on the Standalone
Leadership Team Financial Statements.
Management Discussion and Analysis

KEY AUDIT MATTERS

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These
Statutory Reports matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion
on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.
Corporate Information
Notice Sr. No. Key Audit Matter How our audit addressed the key audit matter
Directors' Report
1 Revenue from sale of goods Principal Audit Procedures:
Business Responsibility & Sustainability
Report (BRSR) Revenue is measured net of discounts, incentives, rebates etc. Our audit procedures included the following:
Corporate Governance Report given to the customers on the Company’s sales. The Company • Considered the appropriateness of Company’s revenue recognition policy and its
recognizes revenues when control of the goods is transferred to compliance in terms of Ind AS 115 ‘Revenue from contracts with customers’;
the customer at an amount that reflects the consideration to
which the Company expects to be entitled in exchange for those • Assessed the design and tested the operating effectiveness of internal controls
related to sales and related rebates and discounts;
Financial Statements goods. In determining the sales price, the Company considers the
effects of rebates and discounts.
Standalone Financial Statements
• Performed sample tests of individual sales transaction and traced to sales invoices,
sales orders and other related documents. In respect of the samples selected, tested
Consolidated Financial Statements
that the revenue has been recognized as per the sales arrangements;
Independent Auditor’s Report

BigBloc Construction Limited

124

Strategic Review KEY AUDIT MATTERS (Contd.)

Company Overview Sr. No. Key Audit Matter How our audit addressed the key audit matter
Our Profile The terms of sales arrangements, including the timing of transfer of • The management’s assessment of discounts, incentives and rebates recorded for the
Our Journey control, the nature of discount and rebates arrangements and delivery current year have been compared on an overall basis with the past practices to assess
Our Products specifications, create complexity and judgment in determining sales the adequacy of provisions made during the current year read with the changing
Our Infrastructure revenues and accordingly, it was determined to be a key audit matter competitive market dynamics as explained by the management;
Our Projects in our audit of the Standalone Financial Statements.

Annual Report 2023-24

• We performed revenue cut-off testing, by reference to bill dates of sales recorded
Our Clients
either of the financial year end had legally sales completed;
Analytic Overview
• Assessed the relevant disclosures made in the Standalone Financial Statements.
Brand Overview
Joint Venture 2 Valuation, Accuracy, Completeness and disclosures pertaining to Principal Audit Procedures:
Our Strengths Inventories with reference to Ind AS 2 We have performed the following alternate audit procedures to audit the existence
Growth Strategies Inventory comprises of raw material including packing material, work and condition of inventories as per the guidance provided in SA 501 “Audit Evidence
in progress, finished goods and stores and spares. – Specific Considerations for Selected Items”, as at the year-end:
Performance Overview
Letter to Shareholders
a) Performed test counts by tracing items from management’s counts records to the
We have identified the inventories as key audit matter because it is physical inventories and tracing the items selected from physical inventory to
Key Performance Indicators
material to the Standalone Financial Statements. managements’ count records;
Sustainability at Our Core
Leadership Team b) Obtaining an understanding of the supply chain and testing selected key controls
Management Discussion and Analysis over recognition and measurement of inventory;

c) We have evaluated the design of Internal Controls relating to recording and valuation
of Inventory;
Statutory Reports
d) Testing on a sample basis the accuracy of cost for inventory by verifying supporting
Corporate Information documents and testing the net realizable value;
Notice
e) Ensuring proper cut-off;
Directors' Report
Business Responsibility & Sustainability f) Verified the stock movement analysis for the year in respect of key items of raw
Report (BRSR) materials and finished goods at the factories to determine the quantities of inventory
Corporate Governance Report as at the balance sheet date;

g) Performed procedures to audit the existence and condition of inventories, which

includes inspection of supporting documentation relating to purchases, sales
Financial Statements and production.

Our Clients

Analytic Overview
viii. There were no transactions relating to previously unrecorded income that have the year on the pledge of securities held in its subsidiaries, joint ventures or
Brand Overview
been surrendered or disclosed as income during the year in the tax assessments associate companies.
Joint Venture
under the Income Tax Act, 1961 (43 of 1961). Accordingly, the provisions of
Our Strengths
clause 3(viii)of the Order are not applicable. x. (a) The Company has not raised moneys by way of initial public offer or
Growth Strategies
further public offer (including debt instruments) during the year and hence
Performance Overview ix. (a) In our opinion and according to the information and explanations given reporting under clause 3(x)(a) of the Order is not applicable.
Letter to Shareholders
to us, the Company has not defaulted in repayment of loans or other
borrowings or in the payment of interest thereon to any lender. (b) During the year, the Company has not made any preferential allotment
Key Performance Indicators
Sustainability at Our Core
or private placement of shares or convertible debentures (fully or partly
(b) According to the information and explanations given to us and on the or optionally) and hence reporting under clause 3(x)(b) of the Order is
Leadership Team
basis of our audit procedures, we report that the Company has not been not applicable.
Management Discussion and Analysis
declared wilful defaulter by any bank or financial institution or government
or any government authority. xi. (a) Based on examination of the books and records of the Company and
according to the information and explanations given to us, considering
(c) In our opinion and according to the information and explanations given the principles of materiality outlined in Standards on Auditing, we report
Statutory Reports to us, the term loans were applied for the purposes for which the loans that no fraud by the Company or on the Company has been noticed or
were obtained. reported during the course of the audit.
Corporate Information
Notice
(d) According to the information and explanations given to us, and the (b) In our opinion and according to the information and explanations given to
Directors' Report
procedures performed by us, and on an overall examination of the financial us, since no fraud by the Company or on the Company has been noticed or
Business Responsibility & Sustainability
statements of the Company, we report that no funds raised on short-term reported during the period covered by our audit, accordingly, the provisions
Report (BRSR)
basis have been used for long-term purposes by the Company. of clause 3(xi)(b) of the Order are not applicable.
Corporate Governance Report

(e) According to the information and explanations given to us and on an (c) As represented to us by the management, there are no whistle blower
overall examination of the financial statements of the Company, we complaints received by the Company during the year.
report that the Company has not taken any funds from any entity or
Financial Statements person on account of or to meet the obligations of its subsidiaries, xii. In our opinion and according to the information and explanations given to us,
associates or joint ventures. the Company is not a Nidhi Company. Accordingly, paragraph 3(xii) of the Order
Standalone Financial Statements
is not applicable.
Consolidated Financial Statements
(f) According to the information and explanations given to us and procedures
performed by us, we report that the Company has not raised loans during
Independent Auditor’s Report

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131

xiii. According to the information and explanations given to us and based on our xviii There has been no resignation of the statutory auditors of the Company during
Strategic Review examination of the records of the Company, transactions with the related the year.
Company Overview parties are in compliance with Sections 177 and 188 of the Act where applicable
Our Profile
and details of such transactions have been disclosed in the financial statements xix. According to the information and explanations given to us and on the basis
as required by the applicable accounting standards. of the financial ratios, ageing and expected dates of realization of financial
Our Journey
Our Products
assets and payment of financial liabilities, other information accompanying
Our Infrastructure
xiv. (a) In our opinion and based on our examination, the Company has an internal the financial statements, our knowledge of the Board of Directors and
audit system commensurate with the size and nature of its business. management plans and based on our examination of the evidence supporting
Our Projects

Annual Report 2023-24

the assumptions, nothing has come to our attention, which causes us to
Our Clients
(b) We have considered the internal audit reports of the Company issued till believe that any material uncertainty exists as on the date of the audit report
Analytic Overview date, for the period under audit. that Company is not capable of meeting its liabilities existing at the date of
Brand Overview
balance sheet as and when they fall due within a period of one year from
xv. According to the information and explanations given to us, in our opinion during the balance sheet date. We, however, state that this is not an assurance as
Joint Venture
the year the Company has not entered into any non-cash transactions with to the future viability of the Company. We further state that our reporting is
Our Strengths
its directors or persons connected with its directors and hence provisions of based on the facts up to the date of the audit report and we neither give any
Growth Strategies
Section 192 of the Companies Act, 2013 are not applicable to the Company. guarantee nor any assurance that all liabilities falling due within a period of
Performance Overview one year from the balance sheet date, will get discharged by the Company as
xvi. (a) In our opinion, the Company is not required to be registered under and when they fall due.
Letter to Shareholders
Key Performance Indicators Section 45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under
clause 3(xvi)(a) and (b) of the Order is not applicable. xx. (a) There are no unspent amounts towards Corporate Social Responsibility
Sustainability at Our Core
(“CSR”) on other than ongoing projects requiring a transfer to a Fund
Leadership Team
(b) The Company is not a Core Investment Company (“CIC”) as defined in the specified in Schedule VII to the Companies Act, 2013 in compliance with
Management Discussion and Analysis
regulations made by the Reserve Bank of India. Accordingly, provisions of second proviso to sub-section (5) of Section 135 of the said Act. Accordingly,
clause 3(xvi)(c) of the Order are not applicable. reporting under clause 3(xx)(a) of the Order is not applicable for the year.

(b) As explained to us, the Company does not have any ongoing projects in
Statutory Reports (c) Based on the information and explanations provided by the management,
respect of CSR spending. Hence, Para 3(xx)(b) of the order is not applicable
the Company does not have any CICs, which are part of the Company.
Accordingly, provisions of clause 3(xvi)(d) of the Order are not applicable. to the Company.
Corporate Information
Notice
Directors' Report xvii. The Company has not incurred cash losses during the financial year covered by
Business Responsibility & Sustainability
our audit and the immediately preceding financial year.
Report (BRSR)
Corporate Governance Report

For RKM & CO.

Chartered Accountants
Financial Statements Firm Registration No.: 108553W

Standalone Financial Statements

Manish R. Malpani
Consolidated Financial Statements
Partner
Place: Surat Membership No.: 121031
Date: 7th May, 2024 UDIN: 24121031BKDCPL5890
Independent Auditor’s Report

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132

Strategic Review Annexure “B” to the Independent Auditor’s Report of Even date on the Financial Statements of Bigbloc Construction Limited for
year ended on 31st March, 2024
Company Overview
Report on the Internal Financial Controls under Clause (i) of sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
Our Profile
Our Journey
Our Products
Our Infrastructure OPINION by ICAI and deemed to be prescribed under Section 143(10) of the Companies
Our Projects We have audited the internal financial controls over financial reporting of Bigbloc Act, 2013, to the extent applicable to an audit of internal financial controls, both

Annual Report 2023-24

Our Clients Construction Limited (“the Company”) as of 31st March, 2024 in conjunction with our applicable to an audit of Internal Financial Controls and, both issued by the Institute
audit of financial statements of the Company for the year ended on that date. of Chartered Accountants of India. Those Standards and the Guidance Note require
Analytic Overview that we comply with ethical requirements and plan and perform the audit to obtain
Brand Overview reasonable assurance about whether adequate internal financial controls over
In our opinion, to the best of our information and according to the explanations
Joint Venture financial reporting was established and maintained and if such controls operated
given to us, the Company has, in all material respects, an adequate internal
Our Strengths
effectively in all material respects.
financial controls system over financial reporting and such internal financial
Growth Strategies controls over financial reporting were operating effectively as at 31st March, 2024,
based on the internal financial control over financial reporting criteria established Our audit involves performing procedures to obtain audit evidence about the
Performance Overview by the Company considering the essential components of internal control stated in adequacy of the internal financial controls system over financial reporting and
Letter to Shareholders the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting their operating effectiveness. Our audit of internal financial controls over financial
Key Performance Indicators issued by the ICAI. reporting included obtaining an understanding of internal financial controls over
Sustainability at Our Core financial reporting, assessing the risk that a material weakness exists, and testing
Leadership Team and evaluating the design and operating effectiveness of internal control based
MANAGEMENT’S RESPONSIBILITY FOR INTERNAL FINANCIAL on the assessed risk. The procedures selected depend on the auditor’s judgment,
Management Discussion and Analysis
CONTROLS including the assessment of the risks of material misstatement of the financial
The Company’s management is responsible for establishing and maintaining statements, whether due to fraud or error.
internal financial controls based on the internal control over financial reporting
Statutory Reports criteria established by the Company considering the essential components of Commensurate to the size and nature of the business, we believe that the audit
internal control stated in the Guidance Note on Audit of Internal Financial Controls evidence we have obtained is sufficient and appropriate to provide a basis
Corporate Information over Financial Reporting issued by the Institute of Chartered Accountants of India for our audit opinion on the Company’s internal financial controls system over
(‘ICAI’). These responsibilities include the design, implementation and maintenance financial reporting.
Notice
Directors' Report
of adequate internal financial controls that were operating effectively for ensuring
the orderly and efficient conduct of its business, including adherence to Company’s MEANING OF INTERNAL FINANCIAL CONTROLS OVER FINANCIAL
Business Responsibility & Sustainability
policies, the safeguarding of its assets, the prevention and detection of frauds and
Report (BRSR) REPORTING
errors, the accuracy and completeness of the accounting records, and the timely
Corporate Governance Report
preparation of reliable financial information, as required under the Companies A Company’s internal financial control over financial reporting is a process
Act, 2013. designed to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes
in accordance with generally accepted accounting principles. A Company’s
Financial Statements AUDITORS’ RESPONSIBILITY internal financial control over financial reporting includes those policies and
Our responsibility is to express an opinion on the Company’s internal financial procedures that: (1) pertain to the maintenance of records that, in reasonable
Standalone Financial Statements controls over financial reporting based on our audit. We conducted our audit in detail, accurately and fairly reflect the transactions and dispositions of the
Consolidated Financial Statements accordance with the Guidance Note on Audit of Internal Financial Controls over assets of the Company; (2) provide reasonable assurance that transactions
Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued
Independent Auditor’s Report

BigBloc Construction Limited

133

are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and
Strategic Review expenditures of the Company are being made only in accordance with authorisations of management and directors of the Company; and (3) provide reasonable
Company Overview assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the Company’s assets that could have a material effect on the
Our Profile
financial statements.
Our Journey
Our Products INHERENT LIMITATIONS OF INTERNAL FINANCIAL CONTROLS OVER FINANCIAL REPORTING
Our Infrastructure Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls,
Our Projects material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting

Annual Report 2023-24

Our Clients to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.
Analytic Overview
Brand Overview
Joint Venture
Our Strengths
Growth Strategies For RKM & CO.
Chartered Accountants
Performance Overview
Firm Registration No.: 108553W
Letter to Shareholders
Key Performance Indicators
Sustainability at Our Core
Manish R. Malpani
Partner
Leadership Team
Place: Surat Membership No.: 121031
Management Discussion and Analysis
Date: 7th May, 2024 UDIN: 24121031BKDCPL5890

Statutory Reports
Corporate Information
Notice
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Standalone Balance Sheet

BigBloc Construction Limited

134

As at 31st March, 2024

Strategic Review (Amount in ₹ Lakhs) (Amount in ₹ Lakhs)
Particulars Note As at As at Particulars Note As at As at
Company Overview No. 31st March, 2024 31st March, 2023 No. 31st March, 2024 31st March, 2023
Our Profile
I ASSETS (d) Other Non-Current 21 467.08 615.26
Our Journey Liabilities
1 Non-Current Assets
Our Products 4,087.07 2,584.43
(a) Property, Plant & Equipment 4 5,311.78 4,497.33
Our Infrastructure
(b) Capital Work-in-Progress 4.1 100.99 - 2 Current Liabilities
Our Projects

Annual Report 2023-24

(c) Intangible Assets 5 31.50 20.87 (a) Financial Liabilities
Our Clients
(d) Financial Assets (i) Borrowings 22 2,873.47 2,196.91
Analytic Overview (i) Investments 6 2,088.37 1,908.95 (ii) Trade Payables 23
Brand Overview (ii) Loans 7 2,551.67 936.11 (A) total outstanding 185.43 129.73
Joint Venture dues of micro
(iii) Other Financial Assets 8 49.61 48.36 enterprises and
Our Strengths
(e) Other Non-Current Assets 9 62.41 130.77 small enterprises;
Growth Strategies and
Sub-Total 10,196.34 7,542.39
(B) total outstanding 564.31 782.82
Performance Overview 2 Current Assets
dues of creditors
Letter to Shareholders (a) Inventories 10 906.43 826.84 other than micro
Key Performance Indicators (b) Financial Assets enterprises and
Sustainability at Our Core
small enterprises.
(i) Trade Receivables 11 2,653.82 2,238.54
Leadership Team (iii) Other Financial liabilities 24 2.15 1.68
(ii) Cash & Cash 12 16.70 22.25
Management Discussion and Analysis Equivalents (b) Other Current Liabilities 25 217.65 192.68
(iii) Bank Balances other 13 1.15 1.08 (c) Provisions 26 12.80 8.93
than (ii) above (d) Current Tax Liabilities 27 371.69 545.31
(iv) Loans 14 51.03 305.96 Sub-Total 4,227.49 3,858.05
Statutory Reports (c) Other Current Assets 15 538.23 687.39 Total Equity & Liabilities 14,363.69 11,624.45
Sub-Total 4,167.36 4,082.06 Statement of Accounting Policies 1 to 49
Corporate Information and notes to Financial Statements
Total Assets 14,363.69 11,624.45
Notice
II Equities & Liabilities
Directors' Report
A Equity
Business Responsibility & Sustainability As per our Audit Report Attached For & on Behalf of Board of Directors
Report (BRSR) (a) Equity Share Capital 16 1,415.76 1,415.76

Corporate Governance Report (b) Other Equity 17 4,633.37 3,766.21

For RKM & CO. Naresh Saboo Narayan Saboo
Total Equity 6,049.13 5,181.97 Chartered Accountants Managing Director Director
B Liabilities Firm Registration No.: 108553W DIN: 00223350 DIN: 00223324
1 Non-Current Liabilities
Financial Statements (a) Financial Liabilities Manish R. Malpani Mohit Saboo Alpesh Makwana
(i) Borrowings 18 3,314.34 1,688.14 Partner Director & CFO Company Secretary
Standalone Financial Statements Membership No.: 121031 DIN: 02357431
(b) Provisions 19 69.02 49.59
Consolidated Financial Statements
(c) Deferred Tax Liabilities (net) 20 236.63 231.45
Place: Surat
Date: 7th May, 2024
Standalone Statement of Profit & Loss Account

BigBloc Construction Limited

135

For the year ended on 31st March, 2024

Strategic Review (Amount in ₹ Lakhs) (Amount in ₹ Lakhs)

Company Overview Particulars Note For the year ended For the year ended Particulars Note For the year ended For the year ended
No. 31st March, 2024 31st March, 2023 No. 31st March, 2024 31st March, 2023
Our Profile
I. Revenue from Operations 28 10,687.33 11,382.75 B. Items that will be - -
Our Journey
II. Other Income 29 358.30 126.86 reclassified to profit or
Our Products
loss
Our Infrastructure III. Total Income (I+II) 11,045.63 11,509.61
- Remeasurement of -9.56 4.51
Our Projects IV. Expenses employee defined

Strategic Review
Company Overview Sale of goods and rendering of services Non-monetary assets and non-monetary liabilities denominated in a foreign
Our Profile Revenue from the sale of products is recognised at the point in time when control currency and measured at historical cost are translated at the exchange rate
Our Journey is transferred to the customer. Revenue is measured based on the transaction prevalent at the date of the transaction.
Our Products price, which is the consideration, net of customer incentives, discounts, variable
Our Infrastructure considerations, payments made to customers, other similar charges, as specified in Transaction gains or losses realized upon settlement of foreign currency transactions
Our Projects the contract with the customer. Additionally, revenue excludes taxes collected from are included in determining net profit for the period in which the transaction is

Annual Report 2023-24

Our Clients customers, which are subsequently remitted to governmental authorities. settled. Revenue, expense and cash flow items denominated in foreign currencies
are translated into the relevant functional currencies using the exchange rate in
Analytic Overview Service income is recognised on rendering of services based on the agreements/ effect on the date of the transaction.
Brand Overview arrangements with the concerned parties.
Joint Venture 3.10 Employee benefits
Our Strengths The Company has determined that the revenues as disclosed in Note 18 are (i) Short-term employee benefits
Growth Strategies disaggregated into categories that depict how the nature, amount, timing and
Short Term employee benefits payable within 12 months of service such as salaries,
uncertainty of revenue and cash flows are affected by economic factors.
Performance Overview wages, bonus, ex-gratia, medical benefits, etc, are recognised in the year in which
Letter to Shareholders
the employees render the related service and are presented as current employee
Eligible export incentives are recognised in the year in which the conditions benefit obligations. Termination benefits are recognised as an expense as and
Key Performance Indicators precedent are met and there is no significant uncertainty about the collectability. when incurred.
Sustainability at Our Core
Leadership Team Other Income (ii) Post-employment obligations
Management Discussion and Analysis
Interest income in respect to all the Debt Instruments and deposits which are (a) Defined benefit plan
measured at cost or at fair value through other comprehensive income, is recorded
using effective interest rate (EIR). EIR is the rate that exactly discounts the estimated (A) Gratuity
future cash payments or receipts over the expected life of the financial instrument Gratuity liability is a defined benefit obligation and is computed on the basis of an
Statutory Reports or a shorter period, where appropriate, to the gross carrying amount of the financial actuarial valuation by an actuary appointed for the purpose as per projected unit
asset or to the amortized cost of a financial liability. Interest Income is included in credit method at the end of each financial year.
Corporate Information Other Income in the statement of profit and loss.
Notice The liability recognised in the Standalone Balance Sheet in respect of defined
Directors' Report
3.9 Foreign currency transactions benefit gratuity plans isthe present value of the defined benefit obligation at the
Business Responsibility & Sustainability end of the reporting period. There is no planassets created by the Company against
Report (BRSR) Transactions denominated in foreign currencies are recorded at the exchange rates this defined benefit obligation.
Corporate Governance Report
prevailing on the date of the transaction. As at the Balance Sheet date, foreign
currency monetary assets and liabilities are translated at closing exchange rate.
The present value of the defined benefit obligation is determined by discounting the
The gains or losses resulting from such translations are included in net profit in the
estimated future cash outflows with reference to market yields at the end of the
Statement of Profit and Loss.
reporting period on government bonds that have terms approximating to the terms
Financial Statements of the related obligation.
Non-monetary assets and non-monetary liabilities denominated in a foreign
currency and measured at fair value are translated at the exchange rate prevalent
Standalone Financial Statements The interest cost is calculated by applying the discount rate at the beginning of
at the date when the fair value was determined.
Consolidated Financial Statements the period to the balance of the defined benefit obligation. This cost is included in
employee benefit expense in the Standalone Statement of Profit and Loss.
Notes Forming Part of Standalone Financial Statements

BigBloc Construction Limited

143

For the year ended on 31st March, 2024

Strategic Review
Company Overview Reasurement gains and losses arising from experience adjustments and changes Deferred tax is provided using the liability method on temporary differences
Our Profile in actuarial assumptions are recognised in the period in which they occur directly between the tax bases of assets and liabilities and their carrying amounts for
Our Journey in other comprehensive income. They are included in retained earnings in the financial reporting purposes at the reporting date.
Our Products Statement of changes in equity and in the Standalone Balance Sheet.
Our Infrastructure Deferred tax liabilities are recognised for all taxable temporary differences, and
Our Projects The defined benefit obligation was not recognized until current year. Hence, deferred tax assets are recognised for all deductible temporary differences,

Annual Report 2023-24

Our Clients obligation pertaining to preceding year has been recognized in Retained earnings carryforward tax losses and allowances to the extent that it is probable that
as Prior Period item in Statement of Changes in Equity. future taxable profits will be available against which those deductible temporary
Analytic Overview differences, carry forward tax losses and allowances can be utilised. Deferred tax
Brand Overview (b) Defined Contribution plan assets and liabilities are measured at the tax rates that are expected to apply in
Joint Venture The contributions to defined contribution schemes such as contribution to provident the year when the asset is realized or the liability is settled, based on tax rates (and
Our Strengths fund and employees state insurance scheme are charged as an expense to the tax laws) that have been enacted or substantively enacted at the reporting date.
Growth Strategies Standalone Statement of Profit and Loss based on the amount of contribution Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable
required to be made as and when services are rendered by the employees. right exists to set off current tax assets against current tax liabilities and the deferred
Performance Overview taxes relate to the same taxation authority.
Letter to Shareholders The above benefits are classified as defined contribution schemes as the Company
Key Performance Indicators has no further defined obligations beyond the monthly contributions. 3.13 Goods & Services Tax (GST)
Sustainability at Our Core GST credit received on purchases is reduced from respective item of purchases. GST
Leadership Team on Sales is credited to Payable account and differential amount, if any, is paid. Thus,
3.11 Borrowing cost
Management Discussion and Analysis the Company has followed exclusive method of accounting whereby purchases,
Borrowing Costs that are attributable to the acquisition, construction or production
sales and stock is shown exclusive of GST and accounted for in separate Account.
of qualifying assets are capitalized as part of Cost of such assets. A qualifying asset
is one that necessarily takes a substantial period of time to get ready for its intended
use. All other borrowing costs are charged the Statement of Profit & Loss. 3.14 Provisions and contingent liabilities
Statutory Reports
A provision is recognized when the Company has a present obligation (legal or
Corporate Information 3.12 Taxes on income constructive) as a result of past event and it is probable that an outflow of resources
embodying economic benefits will berequired to settle the obligation, in respect of
Notice Tax expenses for the year comprises of current tax, deferred tax charge or credit
which a reliable estimate can be made.
Directors' Report and adjustments of taxes for earlier years. In respect of amounts adjusted outside
Business Responsibility & Sustainability profit or loss (i.e. in other comprehensive income or equity), the corresponding tax
Report (BRSR) effect, if any, is also adjusted outside profit or loss. A disclosure for a contingent liability is made when there is a possible obligation or
a present obligation that may, but probably will not require an outflow of resources.
Corporate Governance Report
Provision for current tax is made as per the provisions of Income Tax Act, 1961.

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Notes Forming Part of Standalone Financial Statements

BigBloc Construction Limited

144

For the year ended on 31st March, 2024

Strategic Review
Company Overview 4. PROPERTY, PLANT & EQUIPMENT (PPE)
Our Profile
(Amount in ₹ Lakhs)
Our Journey
Our Products Particulars Gross Block Depreciation Block Net Block
Our Infrastructure Balance as Additions/ Disposals/ Balance as Balance as Depreciation On Balance as Balance as Balance as
Our Projects at 1st Adjustments Retirements at 31st March, at 1st Charge for Disposals at 31st March, at 31st March, at 31st March,

Annual Report 2023-24

For the year ended on 31st March, 2024

Strategic Review
Company Overview Trade Receivable Ageing As On 31st March, 2023
Our Profile
(Amount in ₹ Lakhs)
Our Journey
Our Products Particulars Outstanding for following periods from due date of payment Total
Our Infrastructure
Less than 6 months - 1-2 2-3 More than
Our Projects 6 months 1 year years years 3 years

Annual Report 2023-24

Our Clients
(i) Undisputed Trade receivables - considered good 1,748.23 64.77 45.24 15.24 196.53 2,070.02
Analytic Overview (ii) Undisputed Trade Receivables - considered doubtful - - - - - -
Brand Overview
(iii) Disputed Trade Receivables - considered good - - 5.31 - 163.21 168.53
Joint Venture
Our Strengths (iv) Disputed Trade Receivables - considered doubtful - - - - - -
Growth Strategies

39. EARNINGS PER SHARE

(Amount in ₹ Lakhs)
Financial Statements Sl. Particulars Unit of 31-Mar-24 31-Mar-23
No. Measurement
Standalone Financial Statements
Consolidated Financial Statements
1 Profit Attributable to ordinary Equity Holders ` 1,103.05 1,604.41
2 Weighted Average Number of Equity Shares Number 7,07,87,875 7,07,87,875
3 Earnings Per Share - Basic 1/2 1.56 2.27
Notes Forming Part of Standalone Financial Statements

BigBloc Construction Limited

157

For the year ended on 31st March, 2024

Strategic Review
Company Overview 39. EARNINGS PER SHARE (Contd.)
Our Profile (Amount in ₹ Lakhs)
Our Journey
Sl. Particulars Unit of 31-Mar-24 31-Mar-23
Our Products
No. Measurement
Our Infrastructure
Our Projects 1 Profit Attributable to ordinary Equity Holders ` 1,103.05 1,604.41

Annual Report 2023-24

Our Clients 2 Weighted Average Number of Equity Shares Number 7,07,87,875 7,07,87,875
Analytic Overview 3 Earnings Per Share - Diluted 1/2 1.56 2.27
Brand Overview
Joint Venture 40. DISCLOSURES AS REQUIRED UNDER THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006 (MSMED ACT)
Our Strengths
(Amount in ₹ Lakhs)
Growth Strategies
Sr. Particulars As at As at
Performance Overview No. 31st March, 2024 31st March, 2023
Letter to Shareholders A. Principal amount due to suppliers registered under the MSMED Act and remaining unpaid as at year end 185.43 129.73
Key Performance Indicators
B. Interest due to suppliers registered under the MSMED Act and remaining unpaid as at year end - -
Sustainability at Our Core
Leadership Team C. Principal amounts paid to suppliers registered under the MSMED Act, beyond the appointed day during the year 419.91 -
Management Discussion and Analysis D. Interest paid, other than under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the - -
appointed day during year
E. Interest paid, under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the appointed day - -
during the year
Statutory Reports F. Interest due and payable towards suppliers registered under MSMED Act, for payments already made - -
Corporate Information
The above information disclosure regarding Trade Payables of Micro, Small and Medium Enterprises is made by the Management as per information from suppliers’ regarding
Notice
their status under the Micro, Small and Medium Enterprises Development Act, 2006 and relied upon by Auditors. The liability to pay interest u/s 16 of MSMED Act is provided
Directors' Report
in books of accounts as and when same is claimed by supplier by raising Debit Note in respect of the same. Accordingly, the above disclosure has been given as per liability
Business Responsibility & Sustainability of Trade Payable shown in the books of accounts of the Company.
Report (BRSR)
Corporate Governance Report
41. DISCLOSURE PURSUANT TO INDIAN ACCOUNTING STANDARD 19 ‘EMPLOYEE BENEFITS’
(A) The Company has recognized the following amounts towards defined contribution plans as an expense and included in the Statement of
Profit and Loss
Financial Statements (Amount in ₹ Lakhs)

Standalone Financial Statements

Particulars F.Y. 2023-24 F.Y. 2022-23
Consolidated Financial Statements ESIC paid 3.60 -
Provident Fund 5.96 6.23
Notes Forming Part of Standalone Financial Statements

BigBloc Construction Limited

158

For the year ended on 31st March, 2024

Strategic Review
Company Overview (B) Defined Benefit Plans
Our Profile The expense recognized in the statement of profit and loss during the year are as under:
Our Journey
(Amount in ₹ Lakhs)
Our Products
Our Infrastructure Particulars F.Y. 2023-24 F.Y. 2022-23
Our Projects Gratuity 16.17 13.38

Annual Report 2023-24

Our Clients

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Notes Forming Part of Standalone Financial Statements

Annual Report 2023-24

Our Clients The material differences in amount of quarterly statement/return filed with Bank and as per books of accounts as given below:
(Amount in ₹ Lakhs)
Analytic Overview
Brand Overview Quarter Name of Bank Particulars Amount as per Amount reported Amount of Reasons for
Joint Venture of Securities Books of Accounts in Quarterly Difference Material
Our Strengths Provided statement/return Difference
Growth Strategies December 2023 AXIS Bank Ltd. Inventory 979.52 1,027.52 48.00 Note No. 1 below

Performance Overview December 2023 AXIS Bank Ltd. Trade Payable 320.28 308.58 -11.70 Note No. 1 below
for Goods
Letter to Shareholders
Key Performance Indicators March 2024 AXIS Bank Ltd. Inventory 906.43 793.69 -112.75 Note No. 1 below
Sustainability at Our Core March 2024 AXIS Bank Ltd. Trade Payable 343.50 353.58 10.08 Note No. 1 below
Leadership Team for Goods
Management Discussion and Analysis
Note on Explanation for difference in amount as per Books of accounts and amount reported in quarterly statement/return filed with bank:
1. The difference between amounts as per books of accounts and amounts reported in quarterly statement filed with bank is because stock statements are filed with
Statutory Reports bank before updation/finalization of accounts for quarterly limited review/audit of the accounts. Hence, debtors, creditors and stock are reported on adhoc basis with
bank without complete updation of books of accounts.
Corporate Information
Notice (iii) Loans given to related parties
Directors' Report (a) Without Specifying any terms or period of repayment
Business Responsibility & Sustainability
(Amount in ₹ Lakhs)
Report (BRSR)
Corporate Governance Report Type of Borrower Current Period Previous Period
Amount % of Amount % of
Outstanding Total Outstanding Total
Promoters - 0% - 0.00%
Financial Statements
Directors - 0% - 0.00%
Standalone Financial Statements KMPs - 0% - 0.00%
Consolidated Financial Statements
Related Parties 2,551.67 100% 936.11 100.00%
Total 2,551.67 100% 936.11 100.00%
Notes Forming Part of Standalone Financial Statements

BigBloc Construction Limited

170

For the year ended on 31st March, 2024

Strategic Review
(iv) Transactions with Companies struck off under the Company Laws
Company Overview
Our Profile (Amount in ₹ Lakhs)
Our Journey Name of the Struck off Company Nature of Balance Outstanding Relationship with Balance Outstanding Relationship with
Our Products Transaction as at 31st March, 2024 struck off Company as at 31st March, 2023 struck off Company
Our Infrastructure
Ajayraj Realtors Private Limited Trade Receivable 0.95 Customer 0.95 Customer
Our Projects

Our Clients
Opening Inventories 826.84 454.06 Average Trade Payable 831.14 895.66
Analytic Overview Closing Inventories 906.43 826.84 Trade Payable Turnover Ratio (in times) 9.31 9.16
Brand Overview
Average Inventories 866.64 640.45
Joint Venture
Inventory Turnover Ratio (in times) 12.33 17.77
(h) Net Working Capital Turnover Ratio
Our Strengths
(Amount in ₹ Lakhs)
Growth Strategies Explanation: Change in ratio is due to decrease in revenue and increase in inventory
during the year. Particulars As at As at
Performance Overview 31st March, 2024 31st March, 2023
Letter to Shareholders
Key Performance Indicators
(f) Trade Receivable Turnover Ratio Revenue from Operations 10,687.33 11,382.75
Sustainability at Our Core (Amount in ₹ Lakhs) Opening Working Capital 224.01 608.68
Leadership Team Particulars As at As at Closing Working Capital -60.14 224.01
Management Discussion and Analysis 31st March, 2024 31st March, 2023 Average Working Capital 81.94 416.34
Revenue from Operations 10,687.33 11,382.75 Net Working Capital Turnover Ratio 130.43 27.34
Opening Trade Receivable 2,238.54 1,509.40 (in times)
Statutory Reports Closing Trade Receivable 2,653.82 2,238.54 Explanation: Change in ratio is due to decrease in revenue and net working capital
Average Trade Receivable 2,446.18 1,873.97 during the year.
Corporate Information
Notice Trade Receivable Turnover Ratio 4.37 6.07
(in times)
(i) Net Profit Ratio
Directors' Report
Business Responsibility & Sustainability (Amount in ₹ Lakhs)
Explanation: Change in ratio is due to decrease in revenue and increase in debtors
Report (BRSR)
during the year. Particulars As at As at
Corporate Governance Report 31st March, 2024 31st March, 2023
(g) Trade Payable Turnover Ratio Profit After Tax 1,103.05 1,604.41
(Amount in ₹ Lakhs) Revenue from Operations 10,687.33 11,382.75
Financial Statements Particulars As at As at Net Profit Ratio (in %) 10.32% 14.10%
31st March, 2024 31st March, 2023 Explanation: The change in ratio is due to decrease in profitability during the year.
Standalone Financial Statements
Consolidated Financial Statements Purchase of Goods/Services 7,736.46 8,201.58
Opening Trade Payable 912.55 878.78
Notes Forming Part of Standalone Financial Statements

BigBloc Construction Limited

174

For the year ended on 31st March, 2024

Strategic Review
Company Overview (j) Return on Capital Employed
Our Profile (Amount in ₹ Lakhs)
Our Journey
Particulars As at As at
Our Products
31st March, 2024 31st March, 2023
Our Infrastructure
Our Projects Profit before tax & finance cost 1,921.71 2,356.14

Annual Report 2023-24

Our Clients Capital Employed = Net Worth + borrowings + Deferred Tax Liabilities 12,473.56 9,298.47
Analytic Overview Return on Capital Employed (in %) 15.41% 25.34%
Brand Overview Explanation: The change in ratio is due to decrease in profitability during the year.
Joint Venture
Our Strengths
(k) Return on Investments
Growth Strategies
(Amount in ₹ Lakhs)
Performance Overview
Particulars As at As at
Letter to Shareholders
31st March, 2024 31st March, 2023
Key Performance Indicators
Sustainability at Our Core Income generated from investments (including FVOCI) - -
Leadership Team Opening Invested Funds (including FVOCI effect) 1,908.95 233.32
Management Discussion and Analysis
Closing Invested Funds (including FVOCI effect) 2,088.37 1,908.95
Average Invested Funds 1,998.66 1,071.13
Return on Investment (in %) 0.00% 0.00%
Statutory Reports
Explanation: There was no income generated from investment activity during current year.
Corporate Information
Notice
Directors' Report
As per our Audit Report Attached For & on Behalf of Board of Directors
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report For RKM & CO. Naresh Saboo Narayan Saboo
Chartered Accountants Managing Director Director
Firm Registration No.: 108553W DIN: 00223350 DIN: 00223324

Financial Statements Manish R. Malpani Mohit Saboo Alpesh Makwana

Partner Director & CFO Company Secretary
Standalone Financial Statements Membership No.: 121031 DIN: 02357431
Consolidated Financial Statements

Place: Surat
Date: 7th May, 2024
Independent Auditor’s Report

BigBloc Construction Limited

175

To,
The Members of
Strategic Review Bigbloc Construction Limited
Company Overview Report on the Consolidated Financial Statements
Our Profile
Our Journey
OPINION Group as at 31st March, 2024 and their consolidated profit, their consolidated
Our Products total comprehensive income, their consolidated changes in equity and their
Our Infrastructure
We have audited the accompanying Consolidated Financial Statements of Bigbloc
Construction Limited (‘the Holding Company’) and its subsidiaries (collectively consolidated cash flows for the year ended on that date.
Our Projects

Annual Report 2023-24

referred to as “the Company” or “the Group”), which comprise the Consolidated
Our Clients
Balance Sheet as at 31st March, 2024, the Consolidated Statement of Profit and Loss BASIS OF OPINION
Analytic Overview including other comprehensive income, the Consolidated Cash Flow Statement, We conducted our audit in accordance with the Standards on Auditing (SAs)
Brand Overview
the consolidated Statement of Changes in Equity for the year then ended and a specified under Section 143(10) of the Companies Act, 2013. Our responsibilities
summary of the significant accounting policies and other explanatory information under those Standards are further described in the Auditor’s Responsibilities for
Joint Venture
(hereinafter referred to as “the Consolidated Financial Statements”). the Audit of the Consolidated Financial Statements Section of our report. We are
Our Strengths
Growth Strategies
independent of the Group and its associates entities in accordance with the ethical
In our opinion and to the best of our information and according to the requirements that are relevant to our audit of the Consolidated Financial Statements
Performance Overview explanations given to us, the aforesaid Consolidated Financial Statements, give in India in terms of the Code of Ethics issued by ICAI and the relevant provisions of
Letter to Shareholders the information required by the Companies Act, 2013 (the “Act”) in the manner so the Companies Act, 2013, and we have fulfilled our other ethical responsibilities in
Key Performance Indicators
required and give a true and fair view in conformity with the Indian Accounting accordance with these requirements. We believe that the audit evidence we have
Sustainability at Our Core
Standards prescribed under Section 133 of the Act, (“Ind AS”) and other accounting obtained is sufficient and appropriate to provide a basis for our opinion.
principles generally accepted in India, of the consolidated state of affairs of the
Leadership Team
Management Discussion and Analysis

KEY AUDIT MATTERS

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These
Statutory Reports matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion
on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.
Corporate Information
Notice Sr. No. Key Audit Matter How our audit addressed the key audit matter
Directors' Report 1 Revenue from sale of goods Principal Audit Procedures:
Business Responsibility & Sustainability
Report (BRSR)
Revenue is measured net of discounts, incentives, rebates Our audit procedures included the following:
etc. given to the customers on the Group’s sales. The Group • Considered the appropriateness of Group’s revenue recognition policy and its
Corporate Governance Report
recognizes revenues when control of the goods is transferred to compliance in terms of Ind AS 115 ‘Revenue from contracts with customers’;
the customer at an amount that reflects the consideration to
which the Group expects to be entitled in exchange for those • Assessed the design and tested the operating effectiveness of internal controls
goods. In determining the sales price, the Group considers the related to sales and related rebates and discounts;
Financial Statements effects of rebates and discounts.
• Performed sample tests of individual sales transaction and traced to sales invoices,
Standalone Financial Statements sales orders and other related documents. In respect of the samples selected, tested
Consolidated Financial Statements that the revenue has been recognized as per the sales arrangements;
Independent Auditor’s Report

BigBloc Construction Limited

176

Strategic Review KEY AUDIT MATTERS (Contd.)

Annual Report 2023-24

Our Clients of the Company; and (3) provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use, or disposition of the Company’s of changes in conditions, or that the degree of compliance with the policies or
assets that could have a material effect on the financial statements. procedures may deteriorate.
Analytic Overview
Brand Overview
Joint Venture
Our Strengths
Growth Strategies

Performance Overview
Letter to Shareholders
Key Performance Indicators For RKM & CO.
Sustainability at Our Core Chartered Accountants
Leadership Team Firm Registration No.: 108553W
Management Discussion and Analysis

Manish R. Malpani
Partner
Place: Surat Membership No.: 121031
Statutory Reports Date: 7th May, 2024 UDIN: 24121031BKDCPM1147

Corporate Information
Notice
Directors' Report
Business Responsibility & Sustainability
Report (BRSR)
Corporate Governance Report

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Consolidated Balance Sheet

BigBloc Construction Limited

183

As at 31st March, 2024

Strategic Review (Amount in ₹ Lakhs) (Amount in ₹ Lakhs)
Particulars Note As at As at Particulars Note As at As at
Company Overview No. 31st March, 2024 31st March, 2023 No. 31st March, 2024 31st March, 2023
Our Profile
I ASSETS (d) Other Non-Current 20 2.00 2.00
Our Journey Liabilities
1 Non-Current Assets
Our Products 10,551.39 6,828.74
(a) Property, Plant & Equipment 4 16,649.80 8,059.86
Our Infrastructure
(b) Capital Work-In-Progress 1,839.49 4,096.90 2 Current Liabilities
Our Projects

Annual Report 2023-24

(c) Goodwill 5 539.09 539.09 (a) Financial liabilities
Our Clients
(d) Other Intangible Assets 5 44.65 21.18 (i) Borrowings 21 4,178.21 2,275.62
Analytic Overview (e) Financial Assets (ii) Trade Payables 22
Brand Overview (i) Investments 6 54.07 36.67 (A) total outstanding 635.07 158.28
Joint Venture dues of micro
(ii) Other Financial Assets 7 337.42 98.61 enterprises and
Our Strengths
(f) Other Non-Current Assets 8 126.29 210.74 small enterprises;
Growth Strategies and
Sub-Total 19,590.81 13,063.05
(B) total outstanding 1,744.39 1,631.83
Performance Overview 2 Current Assets
dues of creditors
Letter to Shareholders (a) Inventories 9 1610.54 1101.94 other than micro
Key Performance Indicators (b) Financial Assets enterprises and
Sustainability at Our Core
small enterprises.
(i) Trade Receivables 10 5,219.91 3,109.41
Leadership Team (iii) Other Financial liabilities 23 2.15 1.68
(ii) Cash & Cash Equivalents 11 83.47 43.44
Management Discussion and Analysis (b) Other Current Liabilities 24 422.42 305.95
(iii) Other Bank Balances 12 1.15 129.01
(c) Provisions 25 14.53 9.21
(iv) Loans 13 263.45 988.64
(d) Current Tax Liabilities 26 947.24 984.79
(c) Other Current Assets 14 2,588.84 1,470.74
Sub-Total 7,944.01 5,367.37
Statutory Reports Sub-Total 9,767.35 6,843.18
Total Equity & Liabilities 29,358.16 19,906.24
Total Assets 29,358.16 19,906.24
Statement of Accounting Policies 1 to 48
Corporate Information II Equities & Liabilities
and notes to Financial Statements
Notice A Equity
Directors' Report (a) Equity Share Capital 15 1,415.76 1,415.76
Business Responsibility & Sustainability (b) Other Equity 16 8,987.04 6,116.03 As per our Audit Report Attached For & on Behalf of Board of Directors
Report (BRSR)
10,402.79 7,531.79
Corporate Governance Report
Non-Controlling Interest 459.97 178.34 For RKM & CO. Naresh Saboo Narayan Saboo
Total equity 10,862.76 7,710.12 Chartered Accountants Managing Director Director
Firm Registration No.: 108553W DIN: 00223350 DIN: 00223324
B Liabilities

Financial Statements 1 Non-Current Liabilities

Manish R. Malpani Mohit Saboo Alpesh Makwana
(a) Financial Liabilities Partner Director & CFO Company Secretary
Standalone Financial Statements (i) Borrowings 17 10072.79 6453.10 Membership No.: 121031 DIN: 02357431
Consolidated Financial Statements (b) Provisions 18 99.00 64.21
(c) Deferred Tax Liabilities (net) 19 377.61 309.44 Place: Surat
Date: 7th May, 2024
Consolidated Statement of Profit & Loss Account

BigBloc Construction Limited

184

For the year ended on 31st March, 2024

Strategic Review (Amount in ₹ Lakhs) (Amount in ₹ Lakhs)

Company Overview Particulars Note For the year ended For the year ended Particulars Note For the year ended For the year ended
No. 31st March, 2024 31st March, 2023 No. 31st March, 2024 31st March, 2023
Our Profile
I. Revenue from Operations 27 24,322.13 20,010.61 IX. Other Comprehensive 7.74 4.76
Our Journey
II. Other Income 28 414.45 82.98 Income for the Period
Our Products X. Total Comprehensive Income 3,076.57 3,018.34
III. Total Income (I+II) 24,736.58 20,093.59
Our Infrastructure IV. Expenses for the Period
Our Projects Raw Material Consumed 29 8,606.56 6,898.72 XI. Profit Attributable to

Annual Report 2023-24

Our Clients Purchase of Traded Goods 594.25 387.40 Owners of Bigbloc 3,089.60 3,031.37
Changes in inventories of 33 -316.80 -208.42 Construction limited
Analytic Overview finished goods, stock-in- Non-Controlling Interest -20.77 -17.79
Brand Overview trade and work-in-progress XII. Other Comprehensive
Employee Benefits Expense 30 2,078.05 1,455.75 Income is attributable to
Joint Venture
Finance Costs 31 884.26 415.81 Owners of Bigbloc 7.74 4.76
Our Strengths Construction limited
Depreciation & Amortization 4&5 1,034.22 608.02
Growth Strategies Non-Controlling Interest - -
Other Expenses 32 7,744.84 6,476.64
Total Expenses 20,625.39 16,033.92 XIII. Total Comprehensive
Performance Overview Income is attributable to
V. Profit/(Loss) Before Tax 4,111.19 4,059.67
Letter to Shareholders Owners of Bigbloc 3,097.34 3,036.13
VI. Tax Expenses
Key Performance Indicators Construction limited
(1) Current Tax 947.24 984.79
Sustainability at Our Core Non-Controlling Interest -20.77 -17.79
(2) Income Tax For Earlier 26.94 18.92
Leadership Team XIV. Earnings Per Equity Shares 38 4.36 4.28
Years
attributable to Owners
Management Discussion and Analysis Less: MAT Credit - - (Basic)
Entitlement
Earnings Per Equity Shares 38 4.36 4.28
Net Current Tax 974.19 1,003.72 attributable to Owners
(3) Deferred Tax Charge/ 68.17 42.38 (Diluted)
Statutory Reports (Credit)
Sub-Total 1,042.36 1,046.09
Statement of Accounting Policies 1 to 48
and notes to Financial Statements
VII. Profit/(Loss) for the Period 3,068.83 3,013.58
Corporate Information
(After Tax)
Notice VIII. Other Comprehensive
Directors' Report Income As per our Audit Report Attached For & on Behalf of Board of Directors
Business Responsibility & Sustainability A (i) Items that will not be 19.30 -4.52
Report (BRSR) reclassified to profit For RKM & CO. Naresh Saboo Narayan Saboo
or loss Chartered Accountants Managing Director Director
Corporate Governance Report
(ii) Income Tax relating - - Firm Registration No.: 108553W DIN: 00223350 DIN: 00223324
to items that will not
be reclassified to
profit or loss Manish R. Malpani Mohit Saboo Alpesh Makwana
Partner Director & CFO Company Secretary
Financial Statements B (i) Items that will be -11.56 9.28
Membership No.: 121031 DIN: 02357431
reclassified to profit
or loss
Standalone Financial Statements Place: Surat
(ii) Income Tax relating - -
Consolidated Financial Statements to items that will be Date: 7th May, 2024
reclassified to profit
or loss
Consolidated Statement of Cash Flow

For the year ended on 31st March, 2024

Strategic Review
Company Overview 10. TRADE RECEIVABLES
Our Profile (Amount in ₹ Lakhs)
Our Journey
Particulars As at As at
Our Products
31st March, 2024 31st March, 2023
Our Infrastructure
Our Projects Unsecured and considered good

Annual Report 2023-24

Our Clients - From Others 5,219.91 3,109.41
Analytic Overview Total 5,219.91 3,109.41
Brand Overview
Joint Venture Trade Receivable Ageing As On 31st March, 2024
Our Strengths (Amount in ₹ Lakhs)
Growth Strategies
Particulars Outstanding for following periods from due date of payment Total
Performance Overview Less than 6 months - 1-2 2-3 More than
Letter to Shareholders 6 months 1 year years years 3 years
Key Performance Indicators (i) Undisputed Trade receivables - considered good 4,246.25 365.22 160.45 48.67 183.69 5,004.28
Sustainability at Our Core
(ii) Undisputed Trade Receivables - considered doubtful - - - - - -
Leadership Team
(iii) Disputed Trade Receivables - considered good - 14.12 5.79 5.31 190.41 215.63
Management Discussion and Analysis
(iv) Disputed Trade Receivables - considered doubtful - - - - - -

Trade Receivable Ageing As On 31st March, 2023

Statutory Reports (Amount in ₹ Lakhs)

Corporate Information Particulars Outstanding for following periods from due date of payment Total
Notice Less than 6 months - 1-2 2-3 More than
Directors' Report 6 months 1 year years years 3 years
Business Responsibility & Sustainability
(i) Undisputed Trade receivables - considered good 2,530.33 98.85 65.69 20.87 200.18 2,915.92
Report (BRSR)
Corporate Governance Report (ii) Undisputed Trade Receivables - considered doubtful - - - - - -
(iii) Disputed Trade Receivables - considered good - - 5.31 - 188.17 193.49
(iv) Disputed Trade Receivables - considered doubtful - - - - - -
Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

193

For the year ended on 31st March, 2024

Strategic Review
Company Overview 11. CASH & CASH EQUIVALENTS (Amount in ₹ Lakhs)
Our Profile Particulars As at As at
(Amount in ₹ Lakhs)
Our Journey 31st March, 2024 31st March, 2023
Our Products
Particulars As at As at
Our Infrastructure
31st March, 2024 31st March, 2023 (b) Advances to suppliers and staff 473.40 20.76
Our Projects Cash & Cash Equivalents (c) Government Grant Receivable 248.86 -

Annual Report 2023-24

Our Clients (a) Cash in hand 23.69 23.13 (d) Prepaid Expenses/Other Advances 45.84 27.03
Analytic Overview (b) Balances with Current Account 59.78 20.30 Total 2,588.84 1,470.74
Brand Overview Total 83.47 43.44
Joint Venture 15. SHARE CAPITAL
Our Strengths
12. OTHER BANK BALANCES (Amount in ₹ Lakhs)
Growth Strategies
(Amount in ₹ Lakhs) Particulars As at As at
Performance Overview
Particulars As at As at 31st March, 2024 31st March, 2023
Letter to Shareholders
31st March, 2024 31st March, 2023 Authorized Share Capital
Key Performance Indicators
Sustainability at Our Core
(a) Fixed Deposits with Banks 1.15 129.01 7,50,00,000 Equity shares of ₹2/- each 1,500.00 1,500.00
Total 1.15 129.01 (P.Y. 7,50,00,000 Equity Shares of
Leadership Team
₹2/- each)
Management Discussion and Analysis
13. CURRENT FINANCIAL ASSETS - LOANS Issued Share Capital

(Amount in ₹ Lakhs)
7,07,87,875 Equity Shares of ₹2/- each 1,415.76 1,415.76
(P.Y. 7,07,87,875 Equity Shares of
Statutory Reports Particulars As at As at ₹2/- each)
31st March, 2024 31st March, 2023
Corporate Information
Subscribed & Fully Paid Up
Unsecured, Considered Good
Notice 7,07,87,875 equity shares of ₹2/- each,
Directors' Report
(a) Loans To Others 263.45 982.06 fully paid up (P.Y. 7,07,87,875 Equity
Business Responsibility & Sustainability (a) Loans To Related Parties - 6.58 Shares of ₹2/- each)
Report (BRSR) Total 1,415.76 1,415.76
Total 263.45 988.64
Corporate Governance Report

14. OTHER CURRENT ASSETS 15.1 The Company has only one class of shares referred to as Equity Shares having
face value of ₹2/- each.
(Amount in ₹ Lakhs)
Financial Statements Particulars As at As at Each equity Shareholder is eligible for one vote per share held.
31st March, 2024 31st March, 2023
Standalone Financial Statements
Consolidated Financial Statements
(Unsecured, considered Good by the
Director)
(a) Balances with Revenue Authorities 1,820.73 1,422.95
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

194

For the year ended on 31st March, 2024

Strategic Review
Company Overview 15.2 Reconciliation of No. of Equity Shares Outstanding at the Beginning & End of the reporting period
Our Profile
Particulars As at As at
Our Journey
31st March, 2024 31st March, 2023
Our Products
(No. of Shares) (No. of Shares)
Our Infrastructure
Our Projects Shares Outstanding at the Beginning of the Year 7,07,87,875 7,07,87,875

Annual Report 2023-24

Our Clients (+) Addition by issue of Shares during the year - -
Analytic Overview (-) Cancellation of Shares on Demerger - -
Brand Overview Shares Outstanding at the End of the year 7,07,87,875 7,07,87,875
Joint Venture
Our Strengths 15.3 Shares in the Company held by each shareholder holding more than 5% Equity Shares
Growth Strategies
Name of Shareholder Equity Shares
Performance Overview
As at 31st March, 2024 As at 31st March, 2023
Letter to Shareholders
Key Performance Indicators No. of Shares held % of Holding No. of Shares held % of Holding
Sustainability at Our Core Mask Investments Limited 75,13,530 10.61% 75,13,530 10.61%
Leadership Team
Mohit Overseas Limited 79,93,110 11.29% 79,93,110 11.29%
Management Discussion and Analysis
Mohit Yarns Limited 1,02,03,045 14.41% 1,02,03,045 14.41%
Narayan S. Saboo 58,44,105 8.26% 58,44,105 8.26%
Naresh Sitaram Saboo 38,42,225 5.43% 38,42,225 5.43%
Statutory Reports
Madhu N. Saboo 40,22,780 5.68% 39,17,780 5.53%
Corporate Information
Notice 15.4 Shares in the Company Held by promoter at the end of the year
Directors' Report
Sr. Promoter Name No. of Shares % of Total % Change No. of Shares % of Total
Business Responsibility & Sustainability
Report (BRSR) No. held as on Shares Held during the year held as on Shares Held
31st March, 2024 31st March, 2023
Corporate Governance Report
1 Mask Investments Limited 75,13,530 10.61% 0.00% 75,13,530 10.61%
2 Mohit Overseas Limited 79,93,110 11.29% 0.00% 79,93,110 11.29%

Financial Statements 3 Mohit Yarns Limited 1,02,03,045 14.41% 0.00% 1,02,03,045 14.41%
4 Mohit Industries Limited 11,51,024 1.63% 0.00% 11,51,024 1.63%
Standalone Financial Statements
5 Mohit Exim Private Limited 30,00,000 4.24% 0.00% 30,00,000 4.24%
Consolidated Financial Statements
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

195

For the year ended on 31st March, 2024

Strategic Review
Company Overview 15.4 Shares in the Company Held by promoter at the end of the year (Contd.)
Our Profile
Sr. Promoter Name No. of Shares % of Total % Change No. of Shares % of Total
Our Journey
No. held as on Shares Held during the year held as on Shares Held
Our Products
31st March, 2024 31st March, 2023
Our Infrastructure
Our Projects 6 Naresh Sitaram Saboo 38,42,225 5.43% 0.00% 38,42,225 5.43%

Annual Report 2023-24

Our Clients 7 Narayan Sitaram Saboo 58,44,105 8.26% 0.00% 58,44,105 8.26%

Analytic Overview 8 Mohit Narayan Saboo 15,04,055 2.12% 0.00% 15,04,055 2.12%
Brand Overview 9 Manish Narayan Saboo 12,57,070 1.78% 0.00% 12,57,070 1.78%
Joint Venture
10 Madhu Narayan Saboo 40,22,780 5.68% 2.68% 39,17,780 5.53%
Our Strengths
Growth Strategies
11 Sonia Naresh Saboo 10,00,000 1.41% 0.00% 10,00,000 1.41%
12 Ayushi Manish Saboo 7,65,000 1.08% 0.00% 7,65,000 1.08%
Performance Overview
13 Narayan Saboo (HUF) 24,19,765 3.42% 0.00% 24,19,765 3.42%
Letter to Shareholders
Key Performance Indicators 14 Sitaram Saboo (HUF) 7,50,000 1.06% 0.00% 7,50,000 1.06%
Sustainability at Our Core
Leadership Team 15.5 During the year ended 31st March, 2022, the Company has split the shares of face value of ₹10/- per share to face value of ₹2/- per share in the ratio of 1:5.
Management Discussion and Analysis

16. OTHER EQUITY

Statutory Reports (Amount in ₹ Lakhs) (Amount in ₹ Lakhs)
Particulars As at As at Particulars As at As at
Corporate Information 31st March, 2024 31st March, 2023 31st March, 2024 31st March, 2023
Notice
(a) Securities Premium Account (c) Retained Earnings
Directors' Report
Business Responsibility & Sustainability Opening Balance 587.67 587.67 Opening Balance 5,829.32 2,396.79
Report (BRSR) Add: Additions during the year - - Add: Current Years' Net Profit/(Loss) 3,089.60 3,639.39
Corporate Governance Report
Less: Securities Premium Utilized - - 8,918.91 6,036.18
Closing Balance 587.67 587.67 Less:
(b) General Reserve (i) Dividend Paid during the year 226.33 141.58
Financial Statements
Opening Balance 74.68 74.68 (ii) Prior Period Provision for Employee - 65.29
Standalone Financial Statements Add: Additions during the year - - Benefit
Consolidated Financial Statements Less: Utilization during the year - - Closing Balance 8,692.58 5,829.32

Closing Balance 74.68 74.68

Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

196

For the year ended on 31st March, 2024

Strategic Review
Company Overview 16. OTHER EQUITY (Contd.)
Our Profile (Amount in ₹ Lakhs) (Amount in ₹ Lakhs)
Our Journey
Our Products
Particulars As at As at Particulars As at As at
31st March, 2024 31st March, 2023 31st March, 2024 31st March, 2023
Our Infrastructure
Our Projects (d) FVOCI - Equity Instruments (b) Unsecured Loans

Annual Report 2023-24

Our Clients At the beginning of the year 7.38 2.62 (a) Loans from related parties - -
Analytic Overview Other Comprehensive Income during 7.74 4.76 (b) Loans from Other Companies 609.65 -
Brand Overview the year Sub-Total 609.65 -
Joint Venture Closing Balance 15.12 7.38 Total 10,072.79 6,453.10
Our Strengths
(e) Capital Reserves
Growth Strategies
Balance as at beginning of the year 225.00 225.00 17.1 Vehicle Loans from Bank are secured by hypothecation of Motor Cars for
Performance Overview which loan has been taken.
Add: Share warrants forfeited during - -
Letter to Shareholders the year
Key Performance Indicators
Closing Balance 225.00 225.00
17.2 The Commercial Vehicle Loan taken from HDFC Bank and GECL on the same
Sustainability at Our Core is secured against hypothecation of Trucks purchased against the same.
Leadership Team Total 9,595.06 6,724.05
Management Discussion and Analysis
17.3 Loan against residential Property taken from ICICI Bank and Top Up Loan
17. NON-CURRENT FINANCIAL LIABILITIES - BORROWINGS on the same is secured by mortgage of Residential Flat purchased by the
(Amount in ₹ Lakhs) Company at Surat. Loan against office building taken from ICICI Bank is
secured by mortgage of Office Building purchased by the Company.
Statutory Reports Particulars As at As at
31st March, 2024 31st March, 2023
Corporate Information
17.4 Term Loans from Banks includes ECLGS is secured by hypothecation of Assets
(a) Secured Loans created out of Bank Finance. The rate of interest of TL is 9.25% as at the
Notice
Term Loans - from Banks & NBFC year end.
Directors' Report
Business Responsibility & Sustainability Term Loans for Vehicles 8,836.08 5,030.75
Report (BRSR) 17.5 The details of maturity profile, instalment and rate of interest of term loan
Term loan from Banks 1,370.10 1,363.65 other than vehicle and Home & Office loans is given below:
Corporate Governance Report
Loan Against Office 379.08 387.09
Term Loan Rate of Installment Date of
Loan against Residential Property 594.45 607.93 Interest Amount Maturity
including Top Loan (₹ In Lakhs)
Financial Statements 11,179.71 7,389.42 1) Axis Bank Term Loan 9.00% 5.12 May 2027
Standalone Financial Statements Less: Current Maturities of Long 1,716.57 936.32 2) Axis Bank Term Loan 9.00% 15.90 November 2030
Consolidated Financial Statements
Term Debt
3) Axis Bank Term Loan 9.00% 10.53 January 2027
Interest Accrued but not Due - -
4) HDFC Bank MSME Loan 9.25% 0.46 May 2027
Sub-Total 9,463.13 6,453.10
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

197

For the year ended on 31st March, 2024

Strategic Review
Company Overview 17.6 The Term Loans from bank of the Group is secured by Land & Building of (Amount in ₹ Lakhs)
Our Profile Factory of the Group.
Particulars As at As at
Our Journey 31st March, 2024 31st March, 2023
Our Products 17.7 Term Loans from Saraswat Bank are repayable by EMI of ₹10.43 Lakhs,
Our Infrastructure ₹1.60 Lakhs, ₹ 1.27 Lakhs, ₹4.17 Lakhs, ₹11.12 Lakhs, ₹1.74 Lakhs and Deferred Tax Assets
Our Projects ₹5.71 Lakhs each. Provision for Employee Benefits -27.78 -18.48

Annual Report 2023-24

Our Clients Losses C/f in Income tax -54.99 -
The loan shall be repaid by JJanuary 2027, April 2027, November 2027,
Analytic Overview September 2026, December 2026 and March 2030. The rate of interest of Term Net Deferred Tax Liability/(Asset) 377.61 309.44
Loan is 9.00% p.a.
Brand Overview
Joint Venture
17.8 ECL from HDFC bank is repayable by EMI of ₹ 0.77 Lakhs and ₹0.81 Lakhs and it 20. OTHER NON-CURRENT LIABILITIES
Our Strengths
shall be repaid by July 2024 and March 2027 respectively. The rate of interest (Amount in ₹ Lakhs)
Growth Strategies
of Term Loan is 9.25% p.a.
Particulars As at As at
Performance Overview 31st March, 2024 31st March, 2023
Letter to Shareholders
17.9 The Term Loan of Bigbloc Building Elements Pvt. Ltd. is repayable by monthly
installments of ₹ 38.25 Lakhs each and shall be repaid by September 2030. (a) Deposits from Customers & 2.00 2.00
Key Performance Indicators Transporters
The rate of interest as at year end is 9% p.a. Term Loan from Saraswat Bank
Sustainability at Our Core
is repayable by Monthly installments of ₹ 30.05 Lakhs and shall be repaid by Total 2.00 2.00
Leadership Team
March 2032. The rate of interest as at year end is 9.00% p.a.
Management Discussion and Analysis

17.10 The Term Loans are guaranteed by directors of the Company. 21. CURRENT FINANCIAL LIABILITIES - BORROWINGS
(Amount in ₹ Lakhs)

Statutory Reports 18. NON-CURRENT LIABILITIES - PROVISIONS Particulars As at As at

(Amount in ₹ Lakhs)
31st March, 2024 31st March, 2023
Corporate Information
Particulars As at As at (a) Secured Loans
Notice (i) Loans from Bank Repayable on
31 March, 2024
st
31 March, 2023
st

Directors' Report Demand

Provision for employee benefits 99.00 64.21
Business Responsibility & Sustainability
Report (BRSR) Total 99.00 64.21 (a) Cash Credit Limit from Banks 2,388.21 1,339.30
Corporate Governance Report Sub - Total 2,388.21 1,339.30
19. DEFERRED TAX LIABILITIES (b) Current Maturities of Long term 1,716.57 936.32
Borrowings
(Amount in ₹ Lakhs)
Sub - Total 1,716.57 936.32
Financial Statements Particulars As at As at
31st March, 2024 31 March, 2023
st (c) Unsecured Loans
Standalone Financial Statements
Deferred Tax Liabilities (a) Loans from related parties
Consolidated Financial Statements
Property, Plant & Equipment 460.38 327.91 - From Subsidiary Company 38.43 -
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

198

For the year ended on 31st March, 2024

Strategic Review
Company Overview 21. CURRENT FINANCIAL LIABILITIES - BORROWINGS (Contd.)
Our Profile
(Amount in ₹ Lakhs) (Amount in ₹ Lakhs)
Our Journey
Our Products
Particulars As at As at Particulars Outstanding for following periods from Total
Our Infrastructure
31st March, 2024 31st March, 2023 due date of payment
Our Projects (b) Loans from Other Companies 35.00 - Less 1-2 2-3 More

Annual Report 2023-24

Our Clients
Sub - Total 73.43 - than years years than
1 year 3 years
Analytic Overview Total 4,178.21 2,275.62
Brand Overview
(iii) Disputed Dues - MSME - - - - -
Joint Venture 21.1 Cash Credit limit from Bank is secured against hypothecation of stock & book (iv) Disputed Dues - Others - - - - -
Our Strengths debts. Cash Credit is also secured against security mentioned on Note No. 17.6.
Growth Strategies The rate of interest on closing is 9.25%. Trade Payable Ageing as on 31st March, 2023
Performance Overview (Amount in ₹ Lakhs)
22. CURRENT FINANCIAL LIABILITIES - TRADE PAYABLES
Letter to Shareholders
Particulars Outstanding for following periods from Total
Key Performance Indicators (Amount in ₹ Lakhs)
due date of payment
Sustainability at Our Core Particulars As at As at
Less 1-2 2-3 More
Leadership Team 31st March, 2024 31st March, 2023
than years years than
Management Discussion and Analysis
A. Total outstanding dues of micro 635.07 158.28 1 year 3 years
enterprises and small enterprises
(i) MSME 158.28 - - - 158.28
(See Note No. 39)
(ii) Others 1,628.75 2.48 0.44 0.17 1,631.83
Statutory Reports B. Total outstanding dues of creditors 1,744.39 1,631.83
other than micro enterprises and (iii) Disputed Dues - MSME - - - - -
Corporate Information small enterprises (iv) Disputed Dues - Others - - - - -
Notice Total 2,379.46 1,790.12
Directors' Report 23. OTHER FINANCIAL LIABILITIES
Business Responsibility & Sustainability Trade Payable Ageing as on 31 March, 2024
st
(Amount in ₹ Lakhs)
Report (BRSR)
Corporate Governance Report (Amount in ₹ Lakhs) Particulars As at As at
Particulars Outstanding for following periods from Total 31st March, 2024 31st March, 2023
due date of payment (a) Interest Accrued - -
Less 1-2 2-3 More (b) Unclaimed Dividend 2.15 1.68
Financial Statements
than years years than Total 2.15 1.68
Standalone Financial Statements
1 year 3 years
Consolidated Financial Statements (i) MSME 634.21 0.86 - - 635.07
(ii) Others 1,720.38 16.82 4.37 2.83 1,744.39
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

199

For the year ended on 31st March, 2024

Strategic Review
Company Overview 24. OTHER CURRENT LIABILITIES 27. REVENUE FROM OPERATIONS (Contd.)
Our Profile
(Amount in ₹ Lakhs) (Amount in ₹ Lakhs)
Our Journey
Our Products
Particulars As at As at Particulars For the year ended For the year ended
31st March, 2024 31st March, 2023 31st March, 2024 31st March, 2023
Our Infrastructure
Our Projects (a) Expenses Payable 167.94 175.13 Commission Income - 0.84

Annual Report 2023-24

Our Clients (b) Provision for Expenses - - 24,322.13 20,010.61
Analytic Overview (c) Statutory Dues Payable 149.89 47.78
Brand Overview (d) Advances from Customers 104.59 83.04
28. OTHER INCOME
Joint Venture (Amount in ₹ Lakhs)
Total 422.42 305.95
Our Strengths
Particulars For the year ended For the year ended
Growth Strategies
25. CURRENT FINANCIAL LIABILITIES - PROVISIONS 31st March, 2024 31st March, 2023
Performance Overview Interest from Debtors 6.90 2.13
(Amount in ₹ Lakhs)
Letter to Shareholders
Particulars As at As at Insurance Claim Received 7.81 15.68
Key Performance Indicators
Sustainability at Our Core
31 March, 2024
st
31 March, 2023
st
Interest Income 98.47 59.54
Leadership Team Provision for employee benefits 14.53 9.21 Interest on Deposits 4.63 0.66
Management Discussion and Analysis Total 14.53 9.21 Dividend Income 0.64 0.85
Scrap Sales 6.78 -
26. CURRENT TAX LIABILITIES Gain on Disposal of Asset 0.59 -
Statutory Reports (Amount in ₹ Lakhs)
Interest on IT Refund 0.17 -
Particulars As at As at Commission Income 0.57 0.65
Corporate Information
31st March, 2024 31st March, 2023
Notice Government Grant 248.86 -
Directors' Report
Income Tax Payable - -
Discount Received 33.50 -
Business Responsibility & Sustainability Provision for Current Tax 947.24 984.79
Report (BRSR) Balances w/back 5.54 3.46
Total 947.24 984.79
Corporate Governance Report Total 414.45 82.98
27. REVENUE FROM OPERATIONS
29. RAW MATERIAL CONSUMED
(Amount in ₹ Lakhs)
Financial Statements Particulars For the year ended For the year ended
(Amount in ₹ Lakhs)

31st March, 2024 31st March, 2023 Particulars For the year ended For the year ended
Standalone Financial Statements 31st March, 2024 31st March, 2023
Consolidated Financial Statements
Sales of Manufactured Goods 23,063.49 18,595.69
Inventory of materials at the beginning 402.48 172.46
Sales of Traded Goods 1,258.64 1,275.72 of the year
Carbon Credit Sale - 138.37
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

200

For the year ended on 31st March, 2024

Strategic Review
Company Overview 29. RAW MATERIAL CONSUMED (Contd.) 32. OTHER EXPENSES
Our Profile (Amount in ₹ Lakhs)
(Amount in ₹ Lakhs)
Our Journey Particulars For the year ended For the year ended
Particulars For the year ended For the year ended
Our Products 31st March, 2024 31st March, 2023
Our Infrastructure
31st March, 2024 31st March, 2023
Add: Purchase (net) 8,801.81 7,128.74
Our Projects Manufacturing Expenses

Annual Report 2023-24

For the year ended on 31st March, 2024

Strategic Review
Company Overview (C) Funded status of the plan
Our Profile
(Amount in ₹ Lakhs)
Our Journey Particulars As at As at
Our Products 31st March, 2024 31st March, 2023
Our Infrastructure Present value of unfunded obligations 113.52 65.29
Our Projects

Annual Report 2023-24

Present value of funded obligations - -
Our Clients
Fair value of plan assets - -
Analytic Overview
Net Liability (Asset) 113.52 65.29
Brand Overview
Joint Venture
Our Strengths
Growth Strategies 42. SEGMENT REPORTING The financial risk disclosures presented are only illustrative and reflect the facts
In line with Ind AS - 108 on ‘Operating Segments’, taking into account the and circumstances of the Group. In particular, Ind AS 107 requires the disclosure of
Performance Overview
organizational structure, product type as well as the differing risks and returns summary quantitative data about an entity’s risk exposures based on information
Letter to Shareholders criterion, the Company is engaged in only one reportable segment viz. “AAC provided internally to an entity’s key management personnel, although certain
Key Performance Indicators Blocks Division”. minimum disclosures are also required to the extent that they are not otherwise
Sustainability at Our Core covered by the disclosures made under the ‘management approach’ above.
Leadership Team
43. FINANCIAL RISK MANAGEMENT Credit risk
Management Discussion and Analysis
The Group has exposure to the following risks arising from financial instruments: Credit risk is the risk of financial loss to the Group if a customer or counterparty
(i) credit risk to a financial instrument fails to meet its contractual obligations, and arises
principally from the Group’s receivables from customers, loans and investments
(ii) liquidity risk
Statutory Reports in debt securities.

Corporate Information Risk management framework The carrying amounts of financial assets and contract assets represent the
Notice The Group’s Board of Directors has overall responsibility for the establishment and maximum credit exposure.
Directors' Report oversight of the risk management framework.
Business Responsibility & Sustainability Impairment losses on financial assets and contract assets recognised in profit or loss
Report (BRSR) The Board of Directors has established the risk management committee, which is were Nil.
Corporate Governance Report responsible for developing and monitoring the Group’s risk management policies.
The committee reports regularly to the board of directors on its activities. Liquidity risk
Liquidity risk is the risk that the Group will encounter difficulty in meeting the
The Group’s risk management policies are established to identify and analyse the obligations associated with its financial liabilities that are settled by delivering
Financial Statements risks faced by the Group, to set appropriate risk limits and controls and to monitor cash or another financial asset. The Group’s objective when managing liquidity is
risks and adherence to limits. Risk management policies and systems are reviewed to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities
Standalone Financial Statements regularly to reflect changes in market conditions and the Group’s activities. The when they are due, under both normal and stressed conditions, without incurring
Consolidated Financial Statements
Group, through its management standards and procedures, aims to maintain a unacceptable losses or risking damage to the Group’s reputation.
disciplined and constructive control environment in which all employees understand
their roles and obligations.
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

207

For the year ended on 31st March, 2024

Strategic Review
Company Overview 44. CONSOLIDATED FINANCIAL STATEMENT
Our Profile The Consolidated Financial Statements of Bigbloc Construction Limited and its subsidiaries is prepared in accordance with Ind AS - 110 on Consolidated Financial Statements.
Our Journey The details of such subsidiary and associates are as follows:
Our Products
Name of Subsidiary % of Holding of Bigbloc Date of Financial
Our Infrastructure Construction Limited Statements
Our Projects

Annual Report 2023-24

Our Clients
1 Starbigbloc Building Material Private Limited 100.00% 31st March, 2024
2 Bigbloc Building Elements Private Limited 100.00% 31st March, 2024
Analytic Overview
3 Siam Cement Bigbloc Construction Technologies Private Limited 52.00% 31st March, 2024
Brand Overview
Joint Venture
Our Strengths 45. STATEMENT OF NET ASSETS AND PROFIT OR LOSS ATTRIBUTABLE TO OWNERS AND MINORITY INTEREST
Growth Strategies Name of Entity As % of Net Assets i.e. As % of Shares in As % of Other Share in Other As % of Total Share in Total
Consolidated Total Assets Consolidated Consolidated Comprehensive Comprehensive Comprehensive Comprehensive
Performance Overview Net Assets minus Total Profit Profit or Loss or Income Income Income Income
Letter to Shareholders Liabilities Loss
Key Performance Indicators A Parent
Sustainability at Our Core
Bigbloc Construction Limited 40.64% 4,415.13 35.57% 1,091.57 -123.44% -9.56 35.17% 1,082.01
Leadership Team
Management Discussion and Analysis B Non-Controlling Interest 4.23% 4,59.97 -0.68% -20.77 0.00% - -0.68% -20.77
(Minority Interest)
C Subsidiary
Indian
Statutory Reports Starbigbloc Building Material 33.54% 3,643.24 52.45% 1,609.75 226.78% 17.56 52.89% 1,627.31
Private Limited
Corporate Information
Notice
Bigbloc Building Elements 12.76% 1,386.17 14.06% 431.55 -3.34% -0.26 14.02% 431.29
Private Limited
Directors' Report
Business Responsibility & Sustainability
Siam Cement Bigbloc Construction 8.82% 958.26 -1.41% -43.27 0.00% - -1.41% -43.27
Report (BRSR) Technologies Private Limited
Corporate Governance Report 100% 10,862.76 100.00% 3,068.83 100.00% 7.74 100.00% 3,076.57

Financial Statements
Standalone Financial Statements
Consolidated Financial Statements
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

208

For the year ended on 31st March, 2024

Strategic Review
Company Overview 46. ADDITIONAL REGULATORY INFORMATION (AMOUNT IN RUPEES LAKHS)
Our Profile (i) The Company does not have any charges or satisfaction of charges which is yet to be registered with Registrar of Companies beyond the statutory period in respect of
Our Journey loans taken/repaid during the year.
Our Products
Our Infrastructure
(ii) Borrowings from banks or financial institutions on the basis of security of current assets:
Our Projects

Annual Report 2023-24

Our Clients
The material differences in amount of quarterly statement/return filed with Bank and as per books of accounts as given below:
Holding Company:
Analytic Overview
Brand Overview Quarter Name of Bank Particulars of Amount as per Books Amount reported in Amount of Reasons for Material
Joint Venture Securities Provided of accounts Quarterly statement/ Difference difference
Our Strengths return
Growth Strategies December 2023 AXIS Bank Ltd. Inventory 979.52 1,027.52 48.00 Note No. 1 below
Performance Overview December 2023 AXIS Bank Ltd. Trade Payable for 320.28 308.58 -11.70 Note No. 1 below
Letter to Shareholders Goods
Key Performance Indicators March 2024 AXIS Bank Ltd. Inventory 906.43 793.69 -112.75 Note No. 1 below
Sustainability at Our Core
March 2024 AXIS Bank Ltd. Trade Payable for 343.50 353.58 10.08 Note No. 1 below
Leadership Team Goods
Management Discussion and Analysis

Our Clients 1 year years years 3 years
Analytic Overview Projects in progress 1,839.49 - - - 1,839.49
Brand Overview Projects temporarily suspended - - - - -
Joint Venture
Total 1,839.49 - - - 1,839.49
Our Strengths
Growth Strategies
As at 31st March, 2023
Performance Overview (Amount in ₹ Lakhs)
Letter to Shareholders
Key Performance Indicators
CWIP Outstanding for following periods from due date of payment Total
Sustainability at Our Core Less than 1-2 2-3 More than
Leadership Team 1 year years years 3 years
Management Discussion and Analysis
Projects in progress 4,079.90 17.00 - - 4,096.90
Projects temporarily suspended - - - - -
Total 4,079.90 17.00 - - 4,096.90
Statutory Reports
47. FORM AOC - I
Corporate Information
(Pursuant to first proviso to sub-section (3) of Section 129 read with rule 5 of companies (Accounts) Rules, 2014).
Notice
Directors' Report
Business Responsibility & Sustainability
Statement containing salient features of the financial statement of subsidiaries, associates and joint ventures.
Report (BRSR) Part “A”: Subsidiaries
Corporate Governance Report (Amount in ₹ Lakhs)
Sr. No. Particulars Details Details Details
1 Sr. No. 1 2 3
2 Name of the Subsidiary Starbigbloc Building Material Bigbloc Building Elements Siam Cement Bigbloc
Financial Statements
Private Limited Private Limited Construction Technologies
Standalone Financial Statements
Private Limited
Consolidated Financial Statements
3 The date since when subsidiary was acquired 25th October 2018 31st March,2022 6th April, 2022
4 Reporting period for the subsidiary concerned, if 31st March, 2024 31st March, 2024 31st March, 2024
different from the holding Company’s reporting period
Notes Forming Part of Consolidated Financial Statements

BigBloc Construction Limited

212

For the year ended on 31st March, 2024

Strategic Review
(Amount in ₹ Lakhs)
Company Overview
Our Profile Sr. No. Particulars Details Details Details
Our Journey 5 Reporting currency and Exchange rate as on the Not Applicable, as Subsidiary is Not Applicable, as Subsidiary is Not Applicable, as Subsidiary is
Our Products last date of the relevant Financial year in the case of not a Foreign Company. not a Foreign Company. not a Foreign Company.
Our Infrastructure foreign subsidiaries
Our Projects 6 Share Capital 499.30 1,000.00 1,038.60

Annual Report 2023-24

Our Clients 7 Reserves & Surplus 3,143.94 386.17 -80.34
8 Total Assets 7,446.22 8,459.25 5,808.12
Analytic Overview
9 Total Liabilities 3,802.98 7,073.08 4,849.86
Brand Overview
Joint Venture 10 Investments 53.79 0.25 153.57
Our Strengths 11 Turnover 9,420.99 6,056.31 0.18
Growth Strategies 12 Profit Before Taxation 2,189.99 521.04 -50.34
13 Provision for Taxation 580.23 89.49 -7.06
Performance Overview
14 Profit After Taxation 1,609.75 431.55 -43.27
Letter to Shareholders
15 Proposed Dividend - - -
Key Performance Indicators
Sustainability at Our Core
16 Extent of shareholding (In percentage) 100.00% 100.00% 52.00%
Leadership Team 1. Names of subsidiaries which are yet to commence operations: None
Management Discussion and Analysis
2. Names of subsidiaries which have been liquidated or sold during the year: None

Part “B”: Associates and Joint Ventures

Statutory Reports Not Applicable as there are no Associates.

Corporate Information 48. Additional Information as required by para 7 of General Instructions for preparation of Statement of Profit and Loss (other than already disclosed above) are either Nil
Notice or Not Applicable.
Directors' Report
Business Responsibility & Sustainability As per our Audit Report Attached For & on Behalf of Board of Directors
Report (BRSR)
Corporate Governance Report
For RKM & CO. Naresh Saboo Narayan Saboo
Chartered Accountants Managing Director Director
Firm Registration No.: 108553W DIN: 00223350 DIN: 00223324

Financial Statements Manish R. Malpani Mohit Saboo Alpesh Makwana

Partner Director & CFO Company Secretary
Standalone Financial Statements
Membership No.: 121031 DIN: 02357431
Consolidated Financial Statements

Place: Surat
Date: 7th May, 2024
BigBloc Construction Limited
Office No. 908, 9 th Floor, Rajhans Montessa,
Dumas Road, Magdalla, Surat-395007, Gujarat, India
E-mail: [email protected]
Phone: +91-261-2463262, 2463263

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